Automatically translated version. May contain inaccuracies compared to the original.
The new project will leverage the experience of a former minister in drones, AI, and modern warfare.
Former Ukrainian Defense Minister Mykhailo Fedorov said he would work on projects in the defense innovation sector. One of the outcomes of this work is the creation of his own defence-tech company. The first key investor in the project will be Alex Karp, the CEO of the American company Palantir. This was reported by the news agency Reuters and Fedorov on Telegram.
Fedorov announced the launch of the company during a visit to the United States after meeting with Karp in Washington. The first key investor will be Alex Karp, the CEO of the American technology company Palantir. Fedorov posted a joint video with him and announced Karp's involvement in the new project.
"We are working on creating our own defense tech company. The first key investor will be Alex Karp, CEO of Palantir. Our new ambitious project will strengthen Ukraine and help build a safer future for the entire world. All details — later," Fedorov wrote.
Karp noted that he has been collaborating with Fedorov and his team for about five years. On Monday they met at Palantir's office in Washington. The company has already provided Ukraine with software to support the war against Russia and to work for government agencies. The head of Palantir himself said he would be glad to help with the company's creation.
"I was absolutely inspired by what you, Ukrainians, have done and I am very glad that we could play a role in this. You and your colleagues are launching a company that I think will be defining for the world, bringing your knowledge and understanding of the art of war," Karp told Fedorov in a video published on the Telegram channel of the former minister.
Palantir specializes in data analytics and AI-enabled defense and security solutions. Its technologies are used by the US military, governments, and intelligence agencies of the United States and NATO countries. The company’s systems are used for handling intelligence data, planning operations, and battlefield management. Palantir is among the ten largest technology companies in the United States, and its market capitalization is about 330 billion dollars.
Fedorov has long advocated for the active use of drones and artificial intelligence in warfare. In July he was dismissed from the post of Ukrainian Defense Minister. This decision sparked protests that later subsided after Fedorov publicly supported holding elections during the war.
After his resignation, Fedorov stated his intention to launch several new projects. Among them, he mentioned an investment fund in the defense sector and an analytic center. The defense-tech company became another planned area of work.
Recall that Mykhailo Fedorov has already announced the creation of a separate fund for defense technologies and began seeking Western investors for it. In Washington he said he was in talks with venture funds, private equity, and American technology companies. The fund is to invest in Ukrainian defense startups, as well as to independently create and grow new companies. In Fedorov's words, the first directions are combat robotics, cheap high-speed drone interceptors, and inexpensive AI-powered missiles.
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