Defense Tech

Investors are financing new weapons before the supplier base has shown it can produce components at scale.

The Q2 2026 Defense Tech Report provides an analysis of recent VC activity and includes a link to our proprietary market map of leading VC-backed companies in the space.

Deal value is pacing about 40% above last year, outstripping the UK and France, as defense and deep tech attract capital.

The Defense Tech VC First Look is a preliminary release of top-line venture industry figures for the defense tech sector, intended as a first-to-market source of key datasets and findings.

It can produce far more than the domestic market can currently buy.

This analyst note examines Ukraine’s defense tech ecosystem, analyzing the gap between venture funding, production capacity, and export potential across drones, ground robots, and software.

The GPs behind the €500M E2D fund on dual-use hype, drone valuations, and why the continent’s fragmented market is an advantage.

More capital from the continent is going into the sector, but 98% of deal value this year involved foreign investors.

The US-Iran war sharpened why production speed matters for high-speed weapons.

They include Silicon Valley giants, the CIA’s strategic fund and even a New York syndicate.

The Q1 2026 Defense Tech VC Trends report provides an analysis of recent VC activity and includes a market map of leading VC-backed companies in the space.

Operation Epic Fury reshaped PE/VC markets across aerospace, defense, energy, and construction. PitchBook breaks down winners, headwinds, and acquisition targets across seven sectors.

This analyst note maps the US defense tech VC fund landscape, examining fundraising trends, capital concentration, subsegment exposure, and government-backed programs shaping the ecosystem from 2019 through 2025.

This analyst note examines why defense electronics is emerging as a core PE focus, driven by rising military demand for sensing, electronic warfare, and mission computing technologies.

That enthusiasm came at the expense of logistics and warehousing robotics.

The escalating conflict will accelerate winners and raise the bar for new entrants.

VC investment in autonomous systems increased 143% last year.

New PitchBook research offers predictions about emerging VC opportunities.