Ukraine’s recently ousted defense minister Mykhailo Fedorov is teaming up with Palantir CEO Alex Karp to launch a new defense company.

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.