Who are the top investors in defense tech?
In our defense tech market deck, you will find everything you need to understand the market
SUMMARY
Founders Fund is our top defense-tech investor today, followed by Andreessen Horowitz, 8VC, General Catalyst and Lux Capital.
The ranking looks very different if we prioritize early conviction instead of dollars invested. Defense startups now raise rounds large enough to attract private equity, sovereign institutions and giant asset managers, so late-stage firepower alone tells us less than it used to.
Andreessen Horowitz has the broadest repeat exposure to today's biggest private defense companies. Its positions across Anduril, Shield AI, Saronic, Hadrian and Castelion make it the easiest candidate to put first if portfolio breadth is the main test.
Founders Fund stays ahead because the timing of its Anduril bet still carries unusual weight. It backed the company before defense became a fashionable venture category, then doubled down hard enough to write a $1 billion check years later.
8VC is different from the other firms near the top because it has repeatedly helped create companies rather than simply selecting them. Saronic and Epirus make that company-building role a real part of its defense record, not just a branding claim.
General Catalyst has quietly built one of the strongest cross-Atlantic portfolios in the group. Anduril, Saronic, Helsing and Castelion give it meaningful exposure to both the U.S. and European defense-tech markets.
Lux Capital earns its place through technical depth more than sheer portfolio count. Early positions in Anduril and Hadrian fit a longer pattern of investing around aerospace, autonomy, sensing and advanced manufacturing before those areas became obvious defense themes.
The best seed investor is not necessarily one of the five biggest names. Shield Capital, Scout Ventures, Decisive Point, Razor's Edge and Harpoon can be more useful when a founder needs military users, non-dilutive funding, procurement knowledge or help getting through early government sales.
Autonomy and defense manufacturing are becoming especially important tests of investor quality. 8VC and a16z look strongest across autonomous systems, while Founders Fund, Lux, a16z, General Catalyst and Lightspeed have strong positions in the industrial layer where factories and production capacity matter as much as software.
Europe is producing larger defense companies, but the financing gap has not disappeared. Helsing and Quantum Systems show that once a European defense startup needs hundreds of millions or more than $1 billion, global growth capital becomes difficult to avoid.
The next names most likely to disturb the top five are Sequoia, Lightspeed and Valor Equity Partners. Sequoia and Lightspeed have younger but increasingly valuable early bets, while Valor already looks like one of the strongest growth-stage defense investors.
This market map, featured in our defense tech market deck, highlights top companies and startups in the defense tech market
What should “top defense-tech investor” actually mean?
For this article, a top defense-tech investor is one that repeatedly found important defense companies early and stayed useful as those companies became much larger.
Looking only at dollars invested gives us a distorted answer today. Defense startups now raise rounds large enough for private-equity firms, sovereign institutions and asset managers to participate. Writing a $500 million check into an established $10 billion company shows financial firepower, but it tells us much less about an investor's ability to identify the next major defense company before everyone wants in.
We care more about three things: how early an investor entered, whether it repeated the result across several companies, and whether it could keep supporting those companies through the unusually difficult transition from prototype to military program to industrial production.
We also use a relatively narrow definition of defense tech. Anduril, Shield AI, Helsing, Saronic, Castelion and Epirus clearly count. Hadrian also belongs because defense manufacturing is central to its business. We do not automatically classify every cybersecurity, aerospace or commercial-space investment as defense simply because governments could eventually buy the technology.
On that basis, our current top group is Founders Fund, Andreessen Horowitz, 8VC, General Catalyst and Lux Capital. They reached that group in very different ways.
Why has the defense-tech investor ranking changed so much lately?
Defense-tech investing is getting dramatically more crowded and more expensive, which makes recent funding totals a poor shortcut for identifying the investors with the best track records.
Crunchbase counted roughly $9.6 billion of venture funding in its relatively narrow defense category during all of 2025. By mid-May 2026, it was already close to $13.6 billion. A broader PitchBook definition that includes more dual-use businesses put 2025 defense-tech venture activity at $49.1 billion, up from $27.2 billion the year before.
The databases disagree on the size of the market because they draw the defense boundary differently, but both show the same thing: far more capital is chasing these companies now.
The size of individual rounds has changed even faster. Anduril closed a $5 billion round at a $61 billion valuation. Shield AI announced $1.5 billion of new equity at a $12.7 billion valuation alongside $500 million of preferred financing. Helsing raised $1.8 billion at $18 billion. Saronic raised $1.75 billion at $9.25 billion. Quantum Systems raised $1.2 billion at about $8 billion. Hadrian's latest financing brought in $1.37 billion at a valuation just under $8 billion.
That creates two leaderboards. One measures who first backed the companies that became valuable. The other measures who can finance them now that building factories, ships, missiles and autonomous aircraft requires billions of dollars. We are primarily interested in the first one, while still giving credit to investors that can do both.
As this chart shows, and as featured in our defense tech market deck, search interest in defense tech has risen sharply
Which investors keep getting into the biggest defense-tech startups?
Andreessen Horowitz currently has the broadest repeat exposure across our sample of major private defense companies, while General Catalyst, 8VC and Valor also show unusually high recurrence.
We reviewed 11 prominent private defense and defense-industrial companies that have recently reached roughly $1 billion or more in disclosed valuation. The exercise is deliberately simple: when the same investor keeps appearing in unrelated winners, that tells us more than one spectacular investment.
A16z appears in Anduril, Shield AI, Saronic, Hadrian and Castelion. General Catalyst appears in Anduril, Saronic, Helsing and Castelion. 8VC appears across Anduril, Saronic, Epirus and Chaos Industries. Valor appears in Anduril, Chaos, Neros and Hadrian.
Founders Fund and Lux appear less often in this particular group, but both entered Anduril very early and later backed Hadrian. Raw portfolio breadth cannot determine the final ranking by itself.
| Investor | Major companies in our sample | What the pattern tells us |
|---|---|---|
| Andreessen Horowitz | Anduril, Shield AI, Saronic, Hadrian, Castelion | Widest exposure to today's large U.S. defense startups |
| General Catalyst | Anduril, Saronic, Helsing, Castelion | Strong U.S. portfolio plus unusually good European exposure |
| 8VC | Anduril, Saronic, Epirus, Chaos | Concentrated strength in autonomy and new weapons systems |
| Valor Equity Partners | Anduril, Chaos, Neros, Hadrian | One of the strongest growth-stage defense portfolios |
| Founders Fund | Anduril, Hadrian | Fewer bets, but extremely valuable early positions |
| Lux Capital | Anduril, Hadrian | Deep early exposure to defense and industrial technology |
Is Founders Fund still the top defense-tech investor?
We still put Founders Fund first in defense tech because its early Anduril bet became one of the defining venture investments of the entire sector.
Anduril is now the company against which almost every venture-backed defense startup gets compared. It closed a $5 billion financing at a $61 billion valuation after reporting that 2025 revenue had more than doubled to $2.2 billion. The U.S. Army has also awarded it an enterprise contract with a ceiling of up to $20 billion over ten years. More recently, Reuters reported that Anduril was discussing another financing that could value the company around $100 billion, although that transaction had not been completed and we do not count the rumored valuation as fact.
Founders Fund was there long before those numbers existed. The firm backed Anduril at the beginning and then kept increasing its commitment. In the company's previous $2.5 billion round, Founders Fund invested $1 billion, which TechCrunch reported was the largest single check the firm had ever written.
Hadrian provides a useful second test. Founders Fund entered the automated defense-manufacturing company early, later co-led its $260 million Series C with Lux and remained on the cap table as Hadrian's valuation approached $8 billion.
The weakness in Founders Fund's case is obvious: a16z and General Catalyst have broader current defense portfolios. We still prefer Founders Fund at number one because early selection deserves more weight than collecting exposure once a category has become fashionable. Few venture investments have done more to prove that a new defense prime could be built from Silicon Valley.
If you want more recent data on this point, please see our latest defense tech market report.
This chart, included in our defense tech market deck, shows annual VC investment in defense tech startups
Has Andreessen Horowitz become the broadest defense-tech investor?
Andreessen Horowitz is currently the broadest top-tier defense VC, and the gap with Founders Fund is now small enough that the ranking depends on what we value most.
A16z has reached almost every major layer of the new U.S. defense ecosystem. Anduril gives it exposure to a full-stack defense prime. Shield AI gives it autonomous aviation. Saronic covers autonomous naval systems. Castelion is building hypersonic weapons. Hadrian attacks the manufacturing bottleneck underneath the whole sector.
The timing varies. A16z was early in Shield AI and invested in Anduril years before the current boom, but Founders Fund was earlier in Anduril, 8VC played a deeper role in creating Saronic, and Founders Fund and Lux had earlier positions in Hadrian.
What has changed lately is a16z's ability to stay central even when round sizes become enormous. It co-led Anduril's $5 billion financing with Thrive and has continued putting money into new defense-industrial companies as their capital requirements have climbed.
If we ranked defense investors purely on portfolio breadth today, a16z would be first. Founders Fund stays slightly ahead overall because we give extra credit to the originality and timing of the Anduril bet.
Why is 8VC so important in defense tech?
8VC stands out because it repeatedly helps create defense companies instead of waiting for founders to show up with finished ideas.
Saronic is the clearest example. 8VC worked with former Navy SEAL Dino Mavrookas as an entrepreneur in residence, studied gaps in naval capabilities and developed the concepts that eventually became Saronic. The company subsequently built autonomous surface vessels, expanded into larger ship classes and reached a $9.25 billion valuation after its latest $1.75 billion round.
Epirus came through a similar company-building model. 8VC helped form the business around high-power microwave technology for counter-drone and electronic-warfare applications, then remained involved through multiple financing rounds.
The firm's autonomy portfolio now stretches across air, sea and land. Anduril gives it broad autonomous-defense exposure, Saronic covers maritime systems and Overland AI builds autonomous ground vehicles for difficult terrain. 8VC led Overland's $32 million Series A after the company emerged from work connected to DARPA's RACER program.
That makes 8VC particularly relevant for founders working on problems that require a strong view of what the military will need several years from now. Among large venture firms, we think 8VC has the clearest current record of turning a defense thesis into an actual company.
If you want more recent data on this point, please see our latest defense tech market report.
This chart, included in our defense tech market deck, shows why Anduril is winning in defense tech
Is General Catalyst underrated in defense tech?
General Catalyst is probably the most underrated investor in the top five, with one of the best defense portfolios in both the United States and Europe.
Paul Kwan's current General Catalyst portfolio includes Anduril, Helsing, Saronic, Castelion, Onebrief, Aurelius Systems, Chariot Defense and other industrial companies. That is unusually broad exposure across autonomous systems, defense AI, missiles, operational software and manufacturing.
General Catalyst also got into Anduril in 2017, years before defense tech became a crowded venture category. It later backed Saronic, joined Helsing and invested in Castelion as the company moved from experimental hypersonic technology toward military production.
Helsing gives General Catalyst something most U.S. defense investors still lack: a meaningful position in Europe's largest defense-tech startup. Helsing is now valued at $18 billion after raising $1.8 billion in what Defense News described as the largest financing ever completed by a European defense startup.
General Catalyst does not have one investment as closely associated with its identity as Founders Fund has with Anduril or 8VC with Saronic. The portfolio itself is hard to argue with. Today, we would put General Catalyst ahead of almost every large generalist fund trying to build a defense practice.
Does Lux Capital still belong among the top five defense investors?
Lux Capital still deserves a top-five position because its defense record goes much deeper than the latest wave of military startups.
Lux invested in Anduril in 2017. It entered Hadrian in 2021. Its wider portfolio also includes Saildrone, Varda, Impulse Space, Nominal, Applied Intuition and other technically difficult businesses that increasingly overlap with national security.
Lux tends to start from an engineering problem, whether that involves autonomy, sensing, manufacturing, aerospace or test infrastructure, and then follows the technology into defense when the application makes sense.
Hadrian is a good example. Lux entered years before automated defense manufacturing became one of the hottest parts of the sector, then co-led the company's $260 million Series C with Founders Fund. Hadrian has since raised another $1.37 billion and reached a valuation just under $8 billion.
Lux is less likely than 8VC to build a company around a specific Pentagon capability gap, and its portfolio is less defense-heavy than a16z's current American Dynamism operation. For difficult hardware and deep technology with serious military applications, though, there are very few investors we would rather see on the cap table.
If you want more recent data on this point, please see our latest defense tech market report.
This chart, included in our defense tech market deck, shows annual funding in defense tech startups
Which specialist defense VCs are actually useful at seed?
Shield Capital, Scout Ventures, Decisive Point, Razor's Edge and Harpoon are the specialist defense investors we would take most seriously at the early stage.
The reason is practical. A seed-stage defense startup rarely needs a $100 million check. It needs help finding the right military user, understanding whether an SBIR or other non-dilutive program is worth pursuing, surviving procurement, running field tests and figuring out who can actually authorize a purchase.
Shield Capital has a particularly strong national-security network and invests across AI, autonomy, cybersecurity and space. Its team includes people with direct Defense Innovation Unit experience.
Scout Ventures focuses heavily on early dual-use companies and says its typical initial checks are around $2 million to $5 million. The firm also emphasizes its ability to connect founders with military users and non-dilutive government capital.
Decisive Point goes even further into procurement support. Its model combines venture investing with hands-on help around federal acquisition strategy, proposals, compliance and government relationships. Its portfolio includes Firestorm, HavocAI, Vatn Systems and Aurelius Systems.
Razor's Edge has been working in national-security technology far longer than the recent defense boom, with investments spanning HawkEye 360, BlackSky and other intelligence, space and security businesses. Harpoon has developed a similarly broad early defense portfolio around companies such as Ursa Major and Firestorm.
| Investor | Best fit | What we would go to them for |
|---|---|---|
| Shield Capital | AI, autonomy, cyber, space | Strong national-security network and early customer access |
| Scout Ventures | Pre-seed and seed dual-use tech | Military introductions and non-dilutive funding strategy |
| Decisive Point | Weapons, autonomy, federal-first startups | Very hands-on help navigating government acquisition |
| Razor's Edge | ISR, space, sensors, cyber | Long national-security track record |
| Harpoon Ventures | Aerospace, drones, propulsion, maritime | Broad early exposure to frontier defense technologies |
Who is strongest in military drones and autonomous systems?
8VC and a16z have the strongest defense-autonomy portfolios today, while Sequoia has become the most interesting newer challenger.
8VC covers several domains at once through Anduril, Saronic and Overland AI, and its role in creating Saronic gives the portfolio more weight than a simple list of investments would suggest.
A16z reaches Anduril, Shield AI and Saronic. Those three companies approach autonomy differently. Anduril integrates software with a growing range of weapons and platforms. Shield AI has concentrated heavily on Hivemind, its autonomous pilot. Saronic applies autonomy to naval vessels.
Point72 Ventures also deserves attention here. It led Shield AI's $90 million Series C back in 2021 and has since built a defense portfolio that includes Overland AI, Vannevar Labs, CX2 and other companies closer to the autonomy, intelligence and electronic-warfare layers.
Sequoia entered defense hardware relatively late but moved quickly. It backed Mach Industries and Neros when both were still small. Neros has since raised $250 million at a $2.5 billion valuation, while Mach reached $1.8 billion after a $300 million round.
| Investor | Representative autonomy companies | Our read |
|---|---|---|
| 8VC | Anduril, Saronic, Overland AI | Strongest combination of investing and company creation |
| Andreessen Horowitz | Anduril, Shield AI, Saronic | Broadest exposure across air and sea autonomy |
| Point72 Ventures | Shield AI, Overland AI | Particularly strong around autonomy software |
| Sequoia | Neros, Mach Industries | Fastest-rising new entrant among the large generalist VCs |
If you want more recent data on this point, please see our latest defense tech market report.
This chart, included in our defense tech market deck, compares the main business model options for defense AI contractors
Who is strongest in missiles and defense manufacturing?
Founders Fund, Lux, a16z, General Catalyst and Lightspeed have built the most interesting positions in the new defense-industrial layer, where the bottleneck is increasingly production rather than invention.
Hadrian has become the obvious manufacturing example. The company builds automated factories for aerospace and defense components and works with customers including established contractors and newer defense companies. Its latest $1.37 billion financing came only a little more than a year after Founders Fund and Lux had led a $260 million round.
The investor mix changed as Hadrian grew. WCM, Washington Harbour, Valor, 137 Ventures and Baillie Gifford led the latest financing, while Founders Fund, Lux, a16z and other earlier investors also participated. The progression is striking: a defense startup can now move from normal venture financing to industrial-scale capital very quickly.
Castelion gives us a similar pattern in missiles. Lightspeed says it led the company's Series A before Castelion had flown a complete system. A16z and General Catalyst later joined the cap table. The company subsequently secured more than $500 million of military contracts and raised $1 billion at a $13 billion valuation as it moved toward larger-scale production of its Blackbeard hypersonic weapon.
These days, a good defense investor has to understand factories almost as well as software. The companies creating the most investor interest are increasingly trying to manufacture missiles, drones, ships, propulsion systems and critical parts at volumes the traditional supply chain struggles to deliver.
Who are the top defense-tech investors in Europe?
Prima Materia, General Catalyst, Lightspeed, Balderton, HV Capital and the NATO Innovation Fund currently stand out in Europe, although the largest European defense startups still draw heavily on American and global capital.
Helsing is the clearest case. Daniel Ek's Prima Materia became a defining early backer, while General Catalyst, Lightspeed, Accel and other investors joined as the company expanded. Helsing is now worth $18 billion after raising $1.8 billion, and investor demand reportedly exceeded the shares available.
Quantum Systems followed a different path. HV Capital backed the German autonomous-systems company while it was much smaller, and Balderton later joined. When Quantum Systems raised $1.2 billion at roughly an $8 billion valuation, the co-leads were Blackstone, Advent, Airbus and Noteus, with large institutions such as Fidelity and Wellington also participating.
The NATO Innovation Fund plays another role. With more than €1 billion committed by NATO allies, it can back startups directly while also investing in specialist venture funds, which gives it influence beyond the companies it owns itself.
European capital is much deeper than it was a few years ago, but the biggest rounds still expose a financing gap. Once a European defense company needs $500 million or $1 billion, investors such as Blackstone, Advent, General Catalyst, Lightspeed and large global asset managers become difficult to avoid.
This chart, featured in our defense tech market deck, shows the share of revenue generated by each customer segment in the defense tech market
Who is putting the really big money into defense tech now?
Advent, Blackstone, Valor, JPMorganChase and large crossover investors have become central to defense tech lately because the biggest startups now need private-equity-sized amounts of capital.
Advent made the shift explicit by committing up to $1 billion to next-generation defense technology. It first invested in Shield AI, then joined Saronic's $1.75 billion round and later co-led Quantum Systems' $1.2 billion financing.
Blackstone supplied $500 million of preferred equity to Shield AI and was one of the co-leads in Quantum Systems. JPMorganChase co-led Shield AI's equity financing alongside Advent and has also become active in other defense and resilience deals.
Valor Equity Partners is more interesting from a venture perspective because its defense portfolio has built up over several stages. Valor invested in Anduril, led a $510 million Chaos Industries round, joined Neros and is now one of Hadrian's lead investors. We would currently rank Valor as one of the strongest defense-focused growth investors outside our top-five VC group.
The newest Hadrian financing makes the shift especially clear. Earlier rounds were led by venture firms such as Founders Fund and Lux. The latest $1.37 billion raise was led by WCM, Washington Harbour, Valor, 137 Ventures and Baillie Gifford, with participation from Apollo, T. Rowe Price and other much larger pools of capital.
Defense tech has reached the stage where the best companies can consume several billion dollars before going public. Traditional VC still shapes who gets created. Growth funds, private equity and asset managers increasingly decide how fast the survivors can scale.
Which investors could break into the defense-tech top five next?
Sequoia and Lightspeed have the strongest chance of breaking into the top defense-tech group, while Valor is already close if we include growth investors.
Sequoia's defense portfolio is still relatively young. That makes its early results more interesting. The firm backed Mach Industries when hardware defense was a new category for Sequoia and also entered Neros early. Mach is now valued at about $1.8 billion, while Neros reached $2.5 billion after raising $250 million.
Lightspeed has fewer obvious U.S. defense names, but its positions are unusually strong. It is a major Helsing investor and was early in Castelion, where it led the Series A before the company had demonstrated a complete flight system. Helsing and Castelion are now worth $18 billion and $13 billion respectively.
Accel is another name to watch. It backed Helsing and made a concentrated bet on Chaos Industries, which went from a $145 million Series B to much larger financings and a $4.5 billion valuation in a short period.
We are more confident about Sequoia and Lightspeed than Accel for now because there is already evidence of multiple major outcomes forming. Another two or three successful early bets would make either one difficult to keep outside the top five.
If you want more recent data on this point, please see our latest defense tech market report.
This chart, included in our defense tech market deck, shows how tactical networking platform technology has evolved over time
Who are the top investors in defense tech today?
Founders Fund is our top defense-tech investor today, followed by Andreessen Horowitz, 8VC, General Catalyst and Lux Capital.
Founders Fund gets the number-one spot because we give the most weight to seeing the opportunity early. Its Anduril investment came before defense tech had become an accepted venture category, and the firm maintained enough conviction to later write the largest check in its history into the same company. Its early Hadrian position shows that the thesis extended beyond one exceptional winner.
A16z comes second and would rank first if breadth were the only test. It now spans Anduril, Shield AI, Saronic, Castelion and Hadrian, giving it exposure to several of the most valuable companies across autonomy, missiles, maritime systems and manufacturing.
8VC comes third because it has done something harder than selecting good companies: it has helped create them. Saronic and Epirus are the clearest examples, while Anduril and Overland AI make its autonomy portfolio deeper.
General Catalyst is fourth. Its combination of Anduril, Saronic, Helsing and Castelion gives it one of the strongest cross-Atlantic defense portfolios we found, and its defense activity started well before the current rush of capital.
Lux is fifth. The portfolio is broader than defense, but its early Anduril and Hadrian bets, combined with years of investing in aerospace, sensing, autonomy and advanced manufacturing, give it technical depth that newer entrants have not yet reproduced.
Below those five, we would watch Valor Equity Partners, Sequoia, Lightspeed and Point72 Ventures most closely. Shield Capital, Scout, Decisive Point, Razor's Edge and Harpoon remain especially relevant for founders raising early rounds, where government knowledge can be more useful than having the largest fund.
The distinction has become sharper lately because almost everybody wants exposure to defense tech now. Advent, Blackstone, JPMorganChase, T. Rowe Price, Fidelity, Wellington and other large institutions are bringing enormous amounts of money into the category. They are helping the winners become industrial companies, but the harder investment decision happened years earlier.
That is why Founders Fund, a16z, 8VC, General Catalyst and Lux still separate themselves today. They were building meaningful defense portfolios when investing in weapons, factories and government procurement was a much less obvious thing for a venture firm to do. Now that defense tech has become one of venture capital's hottest markets, being early counts for more, not less.
OUR METHODOLOGY
There is no single dataset that can tell us who the best defense-tech investors are. We therefore broke the ranking into separate dimensions: how early an investor entered, how often it appeared across major private defense companies, whether it helped create companies, whether it kept participating as those companies scaled, how useful it could be around government procurement, and whether it could still support a business once manufacturing and production became capital-intensive.
We used a relatively narrow definition of defense tech. Companies such as Anduril, Shield AI, Helsing, Saronic, Castelion, Epirus and Hadrian clearly qualify because defense is central to the business. Adjacent aerospace, cybersecurity and commercial-space investments only influenced the analysis when national security or defense was a meaningful part of the company or investment thesis.
Sector funding totals were used to understand how quickly the market has changed, not to rank investors directly. Crunchbase's narrower defense category and PitchBook's broader dual-use definition produce very different totals, so we treat the direction of the market as more useful than forcing the figures into one combined number.
For the ranking itself, we gave extra weight to evidence that existed before a company's success became obvious. An early investment, repeated selection across unrelated winners, a role in company formation and sustained follow-on support tell us more about venture judgment than joining a very large financing after a company is already worth billions. Large late-stage checks still matter, but they answer a different question.
We also examined specialist areas separately, including autonomy, missiles, defense manufacturing, European defense and seed-stage government expertise. That helped us distinguish firms with one famous defense investment from investors whose strength holds up across several companies or several parts of the market.
Key market and financing sources included Crunchbase on 2026 defense-tech funding and Anduril's financing, Crunchbase on the historical defense funding record, Defense News on PitchBook's broader 2024–2025 market figures, Shield AI on its $2 billion financing package, Saronic's financing announcements, Helsing on its $1.8 billion Series E, Quantum Systems on its $1.2 billion Series D, Hadrian on its Series C, Washington Harbour on Hadrian's $1.37 billion Series D, Castelion on its $1 billion Series C, Neros on its $250 million Series C, and Mach Industries on its $300 million Series C.
For investor timing, company creation and government expertise, we relied on TechCrunch on Founders Fund's Anduril investment, 8VC's Build Program and Saronic formation record, 8VC's Epirus portfolio record, General Catalyst's disclosed defense portfolio, General Catalyst's Anduril investment record, the U.S. Army on Anduril's enterprise contract, Scout Ventures on its seed strategy, Decisive Point on federal acquisition support, the NATO Innovation Fund on its mandate, and Harpoon Ventures on its portfolio.
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