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PitchBook: defense tech companies making drones, battlefield AI, and more have raised $12.3B across 175 deals YTD, up from a $9.95B total from 158 deals in 2025 (Financial Times)
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Financial Times: PitchBook: defense tech companies making drones, battlefield AI, and more have raised $12.3B across 175 deals YTD, up from a $9.95B total from 158 deals in 2025 — Funding this year has already surpassed 2025 total as soaring valuations fuel fears of a hype cycle
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