Fedorov Eyes US Backing for Ukraine Defense Tech Fund
Former Defense Minister Mykhailo Fedorov said Tuesday, Sept. 1, that he held meetings in Washington with US investors and venture funds to seek support for a new defense technology investment fund. The initiative would combine international financing and expertise to build and scale battlefield technologies in Ukraine.
Former Ukrainian Defense Minister Mykhailo Fedorov announced plans on Tuesday for a new defense technology company backed by US investor Alex Karp, CEO of Palantir. Fedorov, who is now an advisor to Italy's Ministry of Defense, detailed the project during meetings with former US Ambassador to Cyberspace and Digital Policy Nate Fick and Guy Filippelli, founder and managing partner of Squadra Ventures.
The company will focus on three key areas: battlefield robotics, low-cost AI-enabled missiles, and jet-powered interceptor drones. Fedorov emphasized the importance of international investment and expertise in advancing Ukraine's defense-tech sector, stating that it will accelerate the development and scaling of technologies that provide Ukraine an advantage in combat.
Throughout his time as Defense Minister (January to July 2023), Fedorov prioritized digitizing the military and protecting soldiers through AI-supported unmanned systems. As of June 9, Ukrainian forces had conducted over 50,000 logistics and evacuation missions using ground robotic complexes. Fedorov called for increased military assistance from Ukraine's partners, noting that speed is crucial on the battlefield and that Ukraine faces a limited window to maintain pressure on Russia before it adapts to the nation's latest military innovations.
Written by urgent.news from Kyiv Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
