The startup, valued now at $14 billion, recently received a nearly $40 million contract from the U.K. government to supply drones to Ukraine ' as the Russia-Ukraine conflict continues into its third year, as does conflict in the Middle East region. !function(e,n,i,s){var d="InfogramEmbeds";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,"script","infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js"); However, that amount accounts for less than one-fifth of the nearly $3.2 billion invested globally in VC-backed defense tech startups, and is dwarfed by the $2.5 billion that went to such startups in the U.S. While it's true Europe makes up about one-sixth of the global venture market in general, it's also worth noting that the vast majority of the continent's defense tech money went to one...
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