Venture funding for defense tech startups increased to $3 billion in 2024, with 102 deals, representing an 11% rise from the previous year. The significant funding round for Anduril Industries contributed $1.5 billion, enhancing its valuation to $14 billion. Investor engagement improved due to better understanding and evaluation of the defense sector, with key investments including $489 million for Helsing and $175 million for Saronic. Factors driving this growth include geopolitical tensions, demand from defense customers and Congress, as well as interest in technologies like AI and autonomous systems. The defense tech sector is expected to expand into commercial applications, with initiatives from firms such as Andreessen Horowitz supporting national security investments. Ongoing global competition and the prospect of increased government spending further indicate continued investment in defense technology.

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