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Overview

Provides military forces and national security for the United States.

Deals · 12mo

6

Stage focus

Grant

Geographic focus

United States

Sector focus

Government
Law Enforcement
Military

Investment portfolio

63rounds
NAMEDATESIZE
PsiQuantum
Oct 2026Led
$150 MDebt
Sila
Aug 2026Led
$1.4 BDebt
PDW
Aug 2026Led
$820 MDebt
ReElement Technologies
Jul 2026Led
$25 MOther Equity
Phoenix Tailings
Jun 2026Led
$500 MDebt
Navi AI
Mar 2026Participated
$5 MSeed
IperionX
Sep 2025Led
$25 MOther Equity
Hop Aero
Sep 2025Participated
$1 MGrant
Auterion
Sep 2025Participated
$130 MSeries B
NUVIEW
Aug 2025Led
$5 MGrant
Impossible Objects
Aug 2025Participated
$1 MGrant
X-Bow Launch Systems
Aug 2025Led
$14 MOther Equity
PsiQuantum
Oct 2026Led
$150 MDebt
Sila
Aug 2026Led
$1.4 BDebt
PDW
Aug 2026Led
$820 MDebt
ReElement Technologies
Jul 2026Led
$25 MOther Equity
Phoenix Tailings
Jun 2026Led
$500 MDebt
Navi AI
Mar 2026Participated
$5 MSeed
IperionX
Sep 2025Led
$25 MOther Equity
Hop Aero
Sep 2025Participated
$1 MGrant
Auterion
Sep 2025Participated
$130 MSeries B
NUVIEW
Aug 2025Led
$5 MGrant
Impossible Objects
Aug 2025Participated
$1 MGrant
X-Bow Launch Systems
Aug 2025Led
$14 MOther Equity
63
Items
...
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Insights

Time horizon

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Deal Distribution

U.S Department of War: 63 funding rounds are recorded in the selected participation categories.All available history.
U.S Department of War: 63 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed02
Series A02
Series B01
Other Equity60
Grant3215
Debt50

Monthly Deal Activity

U.S Department of War: 63 deals are recorded across 196 months.All available history.
U.S Department of War: 63 deals are recorded across 196 months. All available history
MonthDeals
Jul '101
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '121
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '131
Feb '130
Mar '130
Apr '130
May '131
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '141
Feb '140
Mar '140
Apr '140
May '140
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '151
Feb '150
Mar '150
Apr '150
May '150
Jun '150
Jul '150
Aug '150
Sep '150
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '161
May '160
Jun '160
Jul '161
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '171
May '170
Jun '170
Jul '171
Aug '170
Sep '171
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '181
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '201
Aug '201
Sep '200
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '210
Jul '210
Aug '211
Sep '210
Oct '210
Nov '211
Dec '211
Jan '220
Feb '220
Mar '220
Apr '220
May '221
Jun '220
Jul '221
Aug '220
Sep '221
Oct '220
Nov '223
Dec '220
Jan '230
Feb '231
Mar '231
Apr '230
May '233
Jun '231
Jul '230
Aug '231
Sep '232
Oct '230
Nov '231
Dec '233
Jan '240
Feb '241
Mar '240
Apr '242
May '241
Jun '242
Jul '240
Aug '242
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '251
Mar '250
Apr '251
May '251
Jun '250
Jul '250
Aug '254
Sep '253
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '261
Apr '260
May '260
Jun '261
Jul '261
Aug '262
Sep '260
Oct '261

Sector Breakdown

U.S Department of War: Space & Frontier Tech is the largest displayed sector by deal count (33 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

U.S Department of War: Space & Frontier Tech is the largest displayed sector by deal count (33 deals). All available history
SectorDeals
Space & Frontier Tech33
AI & Machine Learning25
Hardware & Robotics17
Manufacturing17
Enterprise Software14
Cybersecurity & Privacy14
Data, Analytics & IT12
E-Commerce & Retail9
Consumer & Lifestyle9
Health & Life Sciences9
Clean Energy & Sustainability6
Transportation & Logistics5
Networks, Cloud & Communication4
Government & Defense2
Professional Services2
Education & Workforce1
Marketing & Advertising1
Fintech1
Food & Agriculture1

Deal Size Distribution

U.S Department of War: 63 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

U.S Department of War: 63 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M48
$5M-$10M1
$10M-$25M5
$25M-$50M2
$50M-$100M0
$100M-$250M2
$250M-$500M2
$500M-$1B2
$1B+1

Deals By Geography

U.S Department of War: United States has the largest recorded deal count among the displayed regions (62 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

U.S Department of War: United States has the largest recorded deal count among the displayed regions (62 deals). All available history
RegionDeals
United States62
Europe1
U.S Department of War: 17 co-investors are shown, with The Dow Chemical Company sharing 6 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

U.S Department of War: Led accounts for 68% and participating for 32% of round participation.All available history.
U.S Department of War: Led accounts for 68% and participating for 32% of round participation. All available history
CategoryDeals (count)Share (%)
Led4368%
Participating2032%
U.S Department of War: Single-lead accounts for 91% and co-led for 9% of lead dynamics.All available history.
U.S Department of War: Single-lead accounts for 91% and co-led for 9% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3991%
Co-led49%

Team

Admiral Mike Mullen

Chairman, Joint Chiefs of Staff

Bill Hippenmeyer

Chief Architect

Dean Olson

SATCOM Programs & Policy Analyst

General James E. Cartwright

Vice Chairman, Joint Chiefs of Staff

James Mattis

Secretary

Richard Kidd

Deputy Assistant Secretary of Defense for Environment & Energy Resilience