government is proposing a 40% increase in defense budget. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U. S. Defense tech is red hot right now. A wave of new startups is chasing those government contracts, but according to Ross Fubini, the venture investor who wrote Anduril’s first check, most of them will get lost in the Valley of Death between prototype contract […].
. Defense tech is flooded with money, but who’s built to last.
