About Military Tech sector in United States
The Military Tech sector in United States comprises 652 companies, including 209 funded companies having collectively raised $14.4B in venture capital money and private equity. Out of these, 171 are Series A+ funded, and 6 have achieved unicorn status.
Military Tech sector in United States has seen 102 acquisitions and 14 IPOs. This represents almost 17.8% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies that provide tech solutions & services such as hardware, software, and Tech-enabled services to military forces. Internet first brands selling military hardware.
Military Tech sector is also known as Defence Tech.
Companies working in the domain of unmanned combat weapon systems, non-combat systems. It also includes virtual, constructive, and gaming training and simulation companies; and companies providing tech healthcare solutions to the military. Diversified defense contractors which provide more than one solutions to the military; combat weapon manufacturers; manned combat & non- combat vehicles; MRO service providers; supply chain manufacturers, and subsystem & component manufacturers. It also excludes consultancy firms; content platforms, and companies providing offline and non-combat training services.
Top Military Tech Companies in United States
There are 652 Military Tech startups in United States which include Anduril, FLIR Systems, Saronic, Epirus, Shield AI. Out of these, 209 startups are funded, with 171 having secured Series A+ funding, and 6 achieving unicorn status.
Over the past 10 years, an average of 19 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Stanford University, Massachusetts Institute of Technology and University of California (Berkeley).
Here is the list of top Military Tech startups in United States
1. Anduril
Developer of autonomous systems for force protection and air applications. The company provides command and control, mission autonomy, and mesh network capabilities. It offers autonomous air systems for intelligence, surveillance, and reconnaissance missions. Additionally, the company manufactures autonomous underwater vehicles for survey, inspection, and intelligence gathering. It also supplies conventional and next-generation rocket motors.
Key facts about Anduril
- Founded Year: 2017
- Location: Costa Mesa (United States)
- Stage: Series G
- Total Funding till date: $6.26B
- Investors: Founders Fund, Andreessen Horowitz and 62 Others
- Latest Funding Round: Series G, Jun 05, 2025, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 2 of 515 Competitors
2. FLIR Systems
Developer of AI and cloud-enabled video analytics solutions for multiple industries. It provides users with systems that use thermal imaging, video analytics, and more. It offers features like integration with an existing system and an optimized GUI. It offers different products like handheld thermal cameras, gas detection cameras, unmanned aerial vehicles, and defence equipment.
Key facts about FLIR Systems
- Founded Year: 1978
- Location: Wilsonville (United States)
- Stage: Acquired
- Investors: National Science Foundation, Indufin and 3 Others
- Latest Funding Round: Grant (prize money), Dec 09, 2016, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 1 of 76 Competitors
3. Saronic
Developer of autonomous surface vessels for naval and maritime applications. It provides autonomous surface vessels that enhance awareness, extend reach, and improve survivability. The vessels are capable of launching, maneuvering, perceiving, communicating, executing, enabling, and recovering. They navigate the environment with adaptive path planning, identify and track targets, leverage resilient communications, deliver user-defined effects, complement existing concepts of operations, and flexibly adapt to mission-specific requirements.
Key facts about Saronic
- Founded Year: 2022
- Location: Austin (United States)
- Stage: Series C
- Total Funding till date: $830M
- Investors: Andreessen Horowitz, Caffeinated Capital and 13 Others
- Latest Funding Round: Series C, Feb 14, 2025, $*****
- Tracxn Score: 70/100 What is this?
4. Epirus
Developer of high-power microwave systems for electronic warfare and air defense. The company provides systems for layered short-range air defense and maneuver short-range defense. It offers long-range high-power microwave air defense capabilities. The company also develops advanced electronics combining hardware, software, and artificial intelligence.
Key facts about Epirus
- Founded Year: 2017
- Location: Los Angeles (United States)
- Stage: Series D
- Total Funding till date: $595M
- Investors: 8VC, T. Rowe Price and 22 Others
- Latest Funding Round: Series D, Oct 09, 2025, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 1 of 233 Competitors
5. Shield AI
Developer of AI fighter jet pilot and manufacturer of autonomous drones for surveillance and patrolling. It has developed a deep neural network-based system to create a fully autonomous drone for battlefield applications. It delivers GPS-denied navigation, mapping, exploration, multi-robot collaboration, robot interfaces, and target detection and tracking capabilities. The company has also developed a quadcopter by leveraging its proprietary AI framework. It caters to the need of service members, law enforcement personnel, and first responders.
Key facts about Shield AI
- Founded Year: 2015
- Location: San Diego (United States)
- Stage: Series F
- Total Funding till date: $1.17B
- Investors: Disruptive, Andreessen Horowitz and 27 Others
- Latest Funding Round: Series F, Mar 06, 2025, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 5 of 396 Competitors
Companies founded year-on-year in the Military Tech sector in United States
35 Military Tech startups in United States were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 19 |
2023 | 13 |
2022 | 18 |
2021 | 18 |
2020 | 31 |
2019 | 27 |
2018 | 35 |
2017 | 32 |
Stage-wise distribution of Military Tech sector companies in United States
Out of the total 652 Military Tech companies in United States, 209 have secured funding. Among them, 171 have reached Series A or higher, and 148 to Series B or beyond.
Founded - 652
Funded - 209
Series A+ - 171
Series B+ - 148
Series C+ - 129
Company Stage | No. of companies |
|---|---|
Founded | 652 |
Funded | 209 |
Series A+ | 171 |
Series B+ | 148 |
Series C+ | 129 |
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Funding Trends in the Military Tech sector in United States
Total funding year-on-year in the Military Tech sector in United States
The Military Tech sector in United States saw a total funding of more than $13.1B in the last 10 years. The most amount of funding was in 2025 at more than $5.21B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $5.21B |
2024 | $2.34B |
2023 | $1.15B |
2022 | $2.01B |
2021 | $1.14B |
2020 | $425M |
2019 | $326M |
2018 | $201M |
2017 | $150M |
Recent Funding Rounds in Military Tech in United States
In the year 2025, till November 2025, Military Tech companies in United States have raised $5.14B in equity funding across 31 rounds.
In the same period last year (i.e. till November 2024), Military Tech companies in United States had raised $2.22B across 25 rounds.
So, 2025 has seen a 130.96% rise in funding in Military Tech companies in United States as compared to 2024.
Here are some recent, important funding rounds in Military Tech companies in United States:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 8792 | Nov 19, 2025 | - | |
Series D | 5227 | Nov 13, 2025 | ||
Series B | 5300 | Nov 10, 2025 | ||
Series D | 8759 | Oct 09, 2025 | ||
Seed | 1359 | Oct 01, 2025 | - |
Top Investors in Military Tech in United States
OSTI is the top investor in Military Tech companies in United States based on number of companies invested.
Here are some top investors in Military Tech companies in United States:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Oak Ridge (United States) | ||
Washington, DC (United States) | ||
Arlington (United States) | ||
Falls Church (United States) | ||
New York City (United States) |
M&A activity in Military Tech sector in United States
In the year 2025, till December 2025, 6 acquisitions happened in Military Tech sector in United States. Last year, in 2024, a total of 11 acquisitions happened in Military Tech sector in United States.
Here are some recent, important acquisitions in Military Tech sector in United States:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 18, 2025 | ||
Business Acquisition | Nov 25, 2025 | ||
Business Acquisition | Nov 20, 2025 | ||
Business Acquisition | Oct 29, 2025 | ||
Business Acquisition | Jul 01, 2025 |
Acquisition trends in Military Tech sector in United States
Here are the acquisition trends in Military Tech sector in United States:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 6 |
2024 | 11 |
2023 | 8 |
2022 | 7 |
2021 | 11 |
2020 | 8 |
2019 | 10 |
2018 | 8 |
2017 | 6 |
IPOs in Military Tech in United States
In the year 2021, till September 2021, 2 IPOs happened in Military Tech sector in United States.
Here are some recent, important IPOs in Military Tech sector in United States:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 23, 2021 | Tel Aviv Stock Exchange (TLV) | |
Aug 18, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Apr 26, 2019 | OTC Markets (OTCMKTS) | |
Dec 13, 2018 | New York Stock Exchange (NYSE) | |
May 03, 2017 | Toronto Stock Exchange - Venture Exchange (TSX-V) |
Colleges which produce the most Military Tech companies in United States
Companies founded by alumni from top colleges in the Military Tech in United States
Most number of Military Tech startups in United States have been founded by alumni from Stanford University, Massachusetts Institute of Technology and University of California (Berkeley).
College | No. of companies |
|---|---|
Stanford University | 11 |
Massachusetts Institute of Technology | 7 |
University of California (Berkeley) | 5 |
Harvard University | 4 |
University of California (Los Angeles) | 4 |
University of Cambridge | 4 |
Yale University | 4 |
Cornell University | 3 |
University of Pennsylvania | 3 |
Duke University | 2 |
Total funding in Military Tech companies founded by alumni from top colleges in United States
In the last 10 years, Cornell University graduates' Military Tech companies in United States have raised the most funding among top colleges. Massachusetts Institute of Technology alumni are second, and Duke University alumni are third.
College | Total Funding |
|---|---|
Cornell University | $6.29B |
Massachusetts Institute of Technology | $1.8B |
Duke University | $1.59B |
Harvard University | $1.56B |
Stanford University | $1.09B |
University of Pennsylvania | $872M |
Wharton School | $830M |
University of Cambridge | $261M |
University of California (Berkeley) | $251M |
Technion Israel Institute Technology | $152M |
Top News in Military Tech in United States
•
Teledyne FLIR OEM Debuts Tura Automotive-Qualified Thermal Camera at CES for AVs and ADASBusiness Wire•Jan 05, 2026•FLIR Systems
•
•
Optex Systems Holdings, Inc. Announces Financial Highlights for the Year Ended September 28, 2025accessnewswire.com•Dec 17, 2025•Optex Systems
•
•
Cubic and Palantir Forge Alliance to Accelerate Transformation and Deliver Outcomes for the U.S. Armyaccessnewswire.com•Dec 04, 2025•Cubic, Palantir
•
•
•
•
•
FLIR launches AI-powered flagship multi-spectral maritime camera systemsSourceSecurity.com•Oct 29, 2025•FLIR Systems
