VCs put $100B+ in US defense tech startups since 2021, but convincing the Pentagon to buy from them has proven difficult; only a few had $25M+ in orders in FY23 (Heather Somerville/Wall Street Journal)

Heather Somerville / Wall Street Journal:

VCs put $100B+ in US defense tech startups since 2021, but convincing the Pentagon to buy from them has proven difficult; only a few had $25M+ in orders in FY23  —  Tech startups get cool reception from Defense Department despite its rhetoric that it will buy more from Silicon Valley