📌 More ex-military officials are becoming VCs as defense tech investment reached $35BThe gap between Silicon Valley and the Pentagon is closing as venture capitalists invest in defense tech startups, hiring veterans and ex-Department of Defense officials . Andreessen Horowitz hired ex-fighter jet pilot Matt Shortal as chief of staff; Lux Capital hired Tony Thomas, ex-head of U.S. Special Operations Command, as an adviser; and Shield Capital’s managing partner Raj Shah served in the Air Force. Hiring ex-military personnel provides firms with crucial battlefield insights, according to Ali Javaheri, PitchBook’s tech analyst.Silicon Valley invested nearly $35 billion in defense tech startups in 2023, with over $9 billion this year, according to PitchBook. Shield AI raised $500 million for its AI-powered drone system, and Anduril secured $1.5 billion. Despite a slowdown, the sector shows resilience amidst tough fundraising condition.
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