Pitchbook says defense tech is a stalwart in an otherwise chilly VC environment

Pitchbook numbers show that while overall venture capital deals have slowed over the past year, the defense tech sector has weathered the storm better than most others.

Technology companies, especially small ones, have often had difficulty selling their wares to the Pentagon thanks to bureaucratic red tape and excruciatingly slow sales cycles. And the U.S. greatly needs to work with the tech sector in order to stay competitive in a world of increasingly high-tech (and AI-powered) weapons systems.