Ukraine's Fedorov says Palantir CEO will be first major investor in new defence company
Ukraine's former Defence Minister Mykhailo Fedorov has secured Palantir CEO Alex Karp as the first major investor in his new defence technology company. Fedorov was ousted as defence minister after six months in the role. He plans to use the fund to develop technology for Ukraine's defence against Russia. The fund will focus on AI and drone technology.
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- ✓ Mykhailo Fedorov, Ukraine's former Defence Minister, is launching a new defence technology company.
- ✓ Palantir CEO Alex Karp will be the first major investor in Fedorov's new company.
- ✓ Fedorov's new company will focus on developing technology for Ukraine's defence.
- ✓ Fedorov was ousted as Ukraine's Defence Minister after six months in the role.
What changed
Fedorov announced that Palantir CEO Alex Karp will be the first major investor in his new defence company, marking a significant development in his efforts to secure funding for Ukraine's defence technology.
Live updates
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Ukraine's Fedorov secures Palantir CEO as investor for new defence company
Ukraine's former Defence Minister Mykhailo Fedorov has secured Palantir CEO Alex Karp as the first major investor in his new defence technology company. Fedorov was ousted as defence minister after six months in the role. He plans to use the fund to develop technology for Ukraine's defence against Russia. The fund will focus on AI and drone technology.
Why it matters
Fedorov's new company aims to leverage technology to aid Ukraine in its conflict with Russia. As defence minister, he oversaw Ukraine's drone program. His efforts to secure investment from Palantir's CEO indicate a significant boost to Ukraine's tech-driven defence strategy. This development comes as Ukraine continues to seek international support in its conflict with Russia.
What is confirmed
- Mykhailo Fedorov, Ukraine's former Defence Minister, is launching a new defence technology company.
- Palantir CEO Alex Karp will be the first major investor in Fedorov's new company.
- Fedorov's new company will focus on developing technology for Ukraine's defence.
- Fedorov was ousted as Ukraine's Defence Minister after six months in the role.
Still unconfirmed
- The size of Alex Karp's investment in Fedorov's startup has not been disclosed.
What to watch next
- Details on the specific technologies Fedorov's company will develop
- The impact of Palantir's investment on Ukraine's defence strategy
- Fedorov's plans for future investments and partnerships
confidence 85%Sources used for this update (19)
- The Kyiv Independent — Ukrainian ex-Minister Fedorov becomes adviser to Italian official, plans to visit US
- politico.eu — Ousted Ukrainian defense chief Fedorov takes advisory role with Italy
- Financial Times — Ukraine’s ex-defence minister touts ‘new history’ in war against Russia with planned tech fund
- Reuters — Ukraine's former defence chief seeks US investment for defence tech fund, FT reports
- The Kyiv Independent — Fedorov offers drone technology to US in exchange for Patriots, seeks funding for defense tech fund
- Межа. Новини України. — Mykhailo Fedorov Discusses AI Investment With William Taylor in Washington
- The New York Times — Ukrainian Drone Mastermind, Fired by Kyiv, Will Advise Italy’s Defense Chief
- reuters.com — Ukraine's Fedorov says Palantir CEO will be first major investor in new defence company
- Business Insider — Ukraine's ousted pro-tech defense minister is launching a new company backed by Palantir's Alex Karp
- Bloomberg.com — Palantir’s Karp Will Back Startup by Ex-Ukraine Defense Chief
- The Telegraph — Palantir boss backs Zelensky critic’s defence start-up
- Ukrinform — Fedorov offers U.S. help building a “drone army” in exchange for Patriot interceptors
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