Technology start-ups in defence are capitalising on heightened geopolitical tensions, and fund managers are jumping in.
| Venture capital investor DYNE Maritime has launched a $US100 million fund to invest in maritime technologies related to theThe fund will focus on investments in dual use technologies – those with military and civilian applications – including innovations in ocean exploration and monitoring.
DYNE Maritime is expected to deploy funds within three months, with several investments lined up. Mr Hennessey said the war in Ukraine and now the conflict in Israel were driving greater interest in defence-related technology start-ups.“A series of geopolitical events have really shaken up what is now seen as acceptable in Silicon Valley. Before this, Silicon Valley was a lot more cautious about working in the defence space.
White House spokesman John Kirby said on Tuesday President Joe Biden and Prime Minister Anthony Albanese were set to discuss maritime investments in this week’s bilateral meeting in Washington, including “undersea cable infrastructure and maritime infrastructure”.
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