Investment in defense tech is soaring as Pentagon encourages venture capitalists to participate

The venture capital industry is pumping record levels of private cash into American defense technology companies — considered a controversial investment in the past — in a way that national security insiders say is transforming the U.S. military industrial landscape.

Defense technology companies such as Anduril, Palantir, Shield AI, Saronic and a slew of others have raised more than $14.6 billion in private investment so far this year, according to Crunchbase, an artificial intelligence-powered dashboard and search engine that tracks private and public companies. READ MORE