Mykhailo Fedorov, Ukraine’s recently ousted defense minister, is launching a new defense technology company and says it will be backed by Palantir Technologies CEO Alex Karp. The outlets report that Karp is expected to be the first major investor in the proposed venture as Ukraine continues to fight Russian forces.
The reports describe Fedorov’s shift from his government role to a private-sector effort built on his wartime technology experience. Bloomberg and Defense News characterize Karp as the lead investor associated with the startup, while Business Insider focuses on the post-sacking move and the involvement of Karp in backing the new company. Across the coverage, the central point is that a former Ukrainian defense official is partnering with the head of Palantir to fund and launch a defense-focused technology venture.
None of the sources provides detailed information on the company’s product plans, timeline, or ownership beyond Karp’s expected role as the first major investor.
