Palantir CEO Alex Karp to be first lead investor in Fedorov’s defense technology company

  • Mykhailo Fedorov is launching a defense technology company with Alex Karp as its first lead investor.
  • The investment size and startup’s name, technologies and Karp’s involvement remain undisclosed.
  • Fedorov left Ukraine’s defense ministry in July after six months in office.

Palantir CEO Alex Karp will be the first lead investor in a defense technology company launched by Mykhailo Fedorov, Ukraine’s former defense minister. The venture aims to convert Ukraine’s wartime experience with drones, artificial intelligence and battlefield software into products for Ukraine and its allies. The company’s name, investment size, planned technologies and the extent of Karp’s involvement have not been disclosed. Fedorov was removed as defense minister by President Volodymyr Zelenskyy in July after six months in office and has since pursued projects and U.S. backing for Ukraine’s defense sector.

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