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Defense tech is flooded with money, but whoโ€™s built to last?

Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new startups is chasing those government contracts, but according to Ross Fu

Defense tech is flooded with money, but whoโ€™s built to last?
TechCrunch โ€” 3 June 2026
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Defense tech is red hot right now.ย Andurilย andย Mach Industriesย just doubled and quadrupled their valuations, respectively,ย and the U.S.ย government is proposingย aย 40% increaseย in defense budget. A wave of new startupsย isย chasing those government contracts, but according to Ross Fubini, the venture investor who wrote Andurilโ€™s first check, most of themย will get lost in the Valley of Death between prototype contract [โ€ฆ]

This report comes from TechCrunch. The story centres on Defense tech is flooded with money, but whoโ€™s built to last?. Full coverage and background context is available at the original source. Readers seeking more detail on this developing topic are encouraged to follow updates from TechCrunch and related outlets covering this beat.

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