Defense tech is flooded with money, but who’s built to last?

The defense tech industry is experiencing a surge in investment, with companies like Anduril and Mach Industries seeing significant increases in valuation. The US government is proposing a 40% increase in the defense budget, attracting a wave of new startups to the sector. However, venture investor Ross Fubini warns that many of these startups will struggle to survive, getting lost in the "Valley of Death" between securing prototype contracts and achieving long-term success. Only a few defense tech companies are likely to be built to last, according to Fubini.

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