After his sacking from Ukraine's defense ministry, Mykhailo Fedorov plans to turn his wartime tech experience into a new venture backed by Alex Karp.

Mykhailo Fedorov said he is seeking backing from venture capitalists, private investors, and U.S. technology companies for a fund that would invest in Ukrainian defense startups…

The fund will invest in Ukrainian defence startups and create new companies focused on battlefield robotics, interceptor drones, and low-cost AI-powered missiles.