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International Business Times
International Business Times
Business

Palantir CEO Is Betting on The War Tech Of Ukraine's Ousted Defense Minister

Karp will become the startup's first lead investor, according to Fedorov's press office, although the size of his investment has not been disclosed. (Credit: Andrew Caballero-Reynolds/AFP via Getty Images)

Palantir CEO Alex Karp is backing a new defense technology startup launched by former Ukrainian Defense Minister Mykhailo Fedorov, a venture aimed at turning Ukraine's battlefield experience into technology that can be used by Kyiv and allied countries.

In a video posted by Fedorov on X, Karp said the venture could transform Ukraine's wartime knowledge into products for other countries. "You and your colleagues are launching a company that I think will be defining for the world," Karp said, adding that it could bring Ukraine's knowledge and experience of warfare "as a product to allied countries."

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