Fedorov secures Palantir CEO investment for his new fund
Former Ukrainian defense minister Mykhailo Fedorov met with representatives of U.S. investment companies and VC firms in Washington D.C., raising capital for a new fund that will focus on Ukraine’s defense industry, Fedorov announced on Sept. 1.
Former Ukrainian Defense Minister Mykhailo Fedorov announced on September 1 his plans to launch a new defense technology firm, with backing from Palantir CEO Alex Karp as the top investor. Ukraine will be the primary focus of the company. Fedorov stated that his team gained unique experience working with defense technologies during the ongoing war in Ukraine, witnessing firsthand how technology is transforming modern warfare.
Karp and Fedorov met on August 31 at Palantir's office in Washington to discuss the upcoming venture. Fedorov expressed his goal of using this experience to build technologies that will strengthen Ukraine's security, assist allies, and make the world safer. The new company will leverage Fedorov's experience from the Defense Ministry to develop weapons for both Ukrainian security and global applications.
Karp expressed his admiration for Fedorov and the Ukrainian team's accomplishments, emphasizing the potential impact of their new company in defining the world through knowledge about the art of war, offered to allied countries. Fedorov is also seeking U.S. investment for a new defense technology fund and offering assistance in developing Ukraine's drone capabilities in exchange for Patriot missile interceptors. Further details about the company will be revealed at a later date.
Written by urgent.news from Kyiv Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
