War and rising nationalism is expected to spur a venture capital boom in a one-time Silicon Valley ‘taboo’ sector: defense tech

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War and rising nationalism is expected to spur a venture capital boom in a one-time Silicon Valley ‘taboo’ sector: defense tech - Fortune

Quick Summary:

As it is, venture capital funding of defense tech varies greatly between years.

Between 2021 and 2023, investors funneled $108 billion into defense tech companies, the Washington Post reported in February, citing PitchBook data.

Nathan Poon, cofounder and CEO of medical drone delivery service Avol Aerospace, predicted that the tense relationship between the U.S.and China could be a boon for some businesses.He expects the U.S.government to crack down on products from China and U.S.companies that rely on Chinese components, as the federal government has already done with high-end semiconductors.“What we’ll see is a lot of homegrown U.S.-based drone companies become extremely profitable,” Poon said.