Palantir CEO Karp Backs Former Ukraine Defense Chief’s New Tech Venture
Mykhailo Fedorov is launching a defense-technology company with Palantir CEO Alex Karp as its first major investor. The venture aims to commercialize Ukraine’s battlefield expertise for Ukraine and allied countries, although its financing and ownership terms remain undisclosed.
Karp becomes first major investor
Fedorov announced the venture on Sept. 1 after meeting Karp at Palantir’s Washington office on Aug. 31. Karp said their teams had worked together for five years and described the planned company as a way to bring Ukrainian knowledge about modern warfare to allied countries.euromaidanpress+1
The announcement identified Karp personally as the first major or top investor; the available reports did not disclose an investment amount, valuation, ownership structure or timetable for launching products.bloomberg+1
Drones, robotics and AI weapons targeted
Early priorities are expected to include battlefield robotics, expanded production of jet-powered interceptor drones and inexpensive AI-guided missiles. Fedorov said Ukraine would remain his priority and that the company would apply wartime defense-technology experience to products for Ukraine and its allies.bloomberg+1
Separately, Fedorov is seeking U.S. investment for a defense-technology fund and has offered to help develop U.S. drone capabilities in exchange for Patriot missile interceptors for Ukraine.kyivindependent+1
Investor relevance for Palantir
Fedorov became defense minister in February 2026 and was dismissed by President Volodymyr Zelenskyy on July 15 after roughly five months in office. He had built a reputation as a technology-focused official and supported Delta, Ukraine’s battlefield-management system combining drone feeds, radar and field data.euromaidanpress+1
For Palantir investors, the announcement extends CEO-level ties to Ukraine’s defense-technology ecosystem but does not establish a corporate investment by Palantir. The company reported 93% year-over-year revenue growth in its latest quarter, while roughly half of revenue came from U.S. government contracts, according to Defense News.bloomberg+1
