Ukraine's ousted pro-tech defense minister is launching a new company backed by Palantir's Alex Karp
After his sacking from Ukraine's defense ministry, Mykhailo Fedorov plans to turn his wartime tech experience into a new venture backed by Alex Karp.
Mykhailo Fedorov, Ukraine's former pro-tech defense minister, is set to launch a new defense technology company backed by the CEO of Palantir, Alex Karp. Fedorov, who gained international recognition for his innovative tech-driven approach to Ukraine's defense, will lead the venture with the goal of leveraging the lessons learned during the war to bolster Ukraine's capabilities and support its allies.
The first investor in the company will be Karp, whose company, Palantir, specializes in AI, data, and operational intelligence. Fedorov's tenure as defense minister was marked by rapid technological advancements in areas like drones, which significantly impacted Ukrainian battlefield tactics. However, his leadership was short-lived, as he was ousted in July amid tensions with senior military leaders.
Despite the controversy, Fedorov's team amassed valuable experience in wartime technology, which they aim to capitalize on in their new company. Palantir's Karp expressed confidence in Fedorov's team, stating their venture will be "defining for the world" in the realm of modern warfare.
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