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Fortune
Fortune
Allie Garfinkle

Defense tech could be entering its awkward teenage years. Is the boom a bubble?

A test of Anduril's Altius drone. (Credit: Ryan Young for Fortune)

Drones, missiles, and warships were, for a long time, deemed uninvestable in Silicon Valley—or, at minimum, contentious.

Consider 2018: Googlers were storming out over their company’s involvement in the AI military initiative Project Maven, and Anduril was the anomaly, a multi-million defense-focused startup soon to be headlined as “the most controversial startup” in tech. VCs touched defense rarely, if at all.

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