Startup investors are fueling a boom in U.S. defense tech as China standoff opens doors at home
Publishing timestamp: 2023-09-07 10:42:28
Summary
The article discusses how tensions with China have led U.S.-based venture capitalists to focus on domestic defense tech investments. With the door to the Chinese tech market closing, investors are finding new opportunities in the U.S. government's promotion of investments in semiconductors and industrial development. VC funding in aerospace and defense tech has increased in recent years. Startups in this sector are prioritizing U.S. tech competition with China and national security. The article also mentions specific companies like Anduril Industries and Saildrone that have shifted their focus to defense contracts. The perception of working in defense tech has changed in the tech community, with more openness and recognition of the importance of national security. The U.S. defense community is also more open to procuring technology from newer players. Overall, there is a shift in mindset and increased interest in investing in and working on hard tech.
Sentiment: MIXED
Keywords: united states, salesforce inc, business news, breaking news: politics, joe biden, mobile, technology, peter thiel (entrepreneur), palantir technologies inc, breaking news: technology, china, politics, meta platforms inc, social media, richard jenkins, national security,