News

Fulcrum and our portfolio companies are building in public. Here you'll find coverage and updates on where the defense industrial base is heading.

Latest articles

Pentagon's ouster of Anthropic opens doors for small AI rivals

4/9/26

Small defense industry artificial intelligence startups are suddenly fielding calls from generals, combatant commanders and deep-pocketed investors, after the souring relationship between the Pentagon and its once-favored AI vendor, Anthropic, reinforced the need to diversify and increase the number of AI providers for the military.

America’s Munitions Bottleneck Is Becoming A National Security Problem

4/6/26

The United States can still produce the munitions it needs. The more difficult question is whether it can sustain that production in a prolonged, high-intensity conflict. Recent wars have exposed how quickly stockpiles can be depleted and how slowly they can be replenished.

Defense AI Lab Smack Raises $32M Seed and Series A

3/3/26

It’s been a busy, beefy week for the Pentagon and a certain AI giant, but a startup out of El Segundo has a solution to those tensions: Just build an AI lab purpose-built for national security. And investors are on board.

Multitude Insights Secures $10M Series A to Modernize Law Enforcement Intelligence

2/27/26

Multitude Insights, a public safety technology company building modern intelligence infrastructure for law enforcement, today announced it has raised $10 million in Series A funding. The company will use the new capital to scale BLTN (pronounced “bulletin”), its secure, AI-powered intelligence sharing platform that helps agencies to distribute and analyze critical information across jurisdictions in real time.

Code Metal Raises $125 Million to Rewrite the Defense Industry’s Code With AI

2/19/26

The Boston startup uses AI to translate and verify legacy software for defense contractors, arguing modernization can’t come at the cost of new bugs.

Northwood Space raises $100 million Series B, lands $49 million Space Force deal

1/27/26

The company makes phased-array ground stations that connect with satellites across multiple orbits

Gamebeast Acquires RTrack to Expand Market Intelligence and Research Capabilities on Roblox

1/20/26

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1/1/26

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1/1/26

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1/1/26

A discussion on sustainable transportation innovations in 2023, focusing on electric vehicles and public transit.

Mythos AI Launches MNAV, a Full Speed Self Driving Autonomy System Purpose Built for Unmanned Vessels

12/2/25

Mythos AI today announced the launch of MNAV, its next generation self driving autonomy system designed specifically for unmanned surface vessels. MNAV is engineered for high speed, long range, and mission critical operations, and reflects years of real world testing in major waterways supported by a large body of proprietary data.

AI startup Code Metal is going beyond vibe coding with the help of $36 million in fresh capital

11/12/25

Code Metal, whose technology lets engineers write code once then translate it to other programming languages, has raised $36.5 million in a funding round led by Accel.

Defense startup Pytho AI wants to turbocharge military mission planning and it will show off its tech at Disrupt 2025

10/27/25

Pytho AI is coming out of stealth with an ambitious pitch to the Department of Defense: turn mission planning that takes warfighters days into a process measured in minutes.

NATO DIANA announces 14 innovators to move forward to next phase of acceleration

9/4/25

NATO’s Defence Innovation Accelerator for the North Atlantic (DIANA) is proud to announce the selection of 14 innovators advancing into Phase 2 of the DIANA Accelerator Programme – a critical step towards turning innovative technologies into operational capabilities for the NATO Alliance.

Mythos AI’s APAS operational on tow vessel on Mississippi River

8/7/25

The introduction of APAS could significantly enhance navigational safety and operational uptime, leading to substantial economic benefits.

Inaugural Uncrewed Triple Challenge Competition winners announced

5/23/25

The Uncrewed Triple Challenge, a groundbreaking, state-sponsored competition of autonomous drones across water, air, and land, announced in a Thursday press release the 2025 competition winner.

Former Pentagon leader Chris Miller joins defense investment firm

2/13/25

Former Acting Defense Secretary Christopher Miller has joined Fulcrum Venture Group, a private capital firm investing in early-stage defense technologies.

Exclusive: Inside Firestorm Labs, where deadly drones are printed

2/12/25

Mythos AI and lomarlabs Launch Next-Gen Bridge Intelligence Pilot Aboard CB Pacific

2/9/25

Saab to Demonstrate New Naval Autonomous Systems Capability at WEST 2025

1/22/25

Skapa by Saab, the company’s newly formed technology accelerator, will showcase the interoperability of Autonomous Ocean Core at a demonstration during the WEST 2025 conference in San Diego with partners Aalyria, ANELLO, Hidden Level, Microsoft, Mythos AI and Second Front.

NASA Commercial Partners Make Progress on Low Earth Orbit Projects

11/25/24

NASA and its commercial partners continue to drive innovation in space exploration, achieving milestones that will ultimately benefit human spaceflight and commercial low Earth orbit efforts. These recent achievements from NASA’s industry partners include completed safety milestones, successful flight tests, and major technological advancements.

Canopy wins Air Force contracts to develop thermal protection systems

9/5/24

The U.S. Air Force awarded Canopy Aerospace two contracts with a combined value of $2.8 million to develop thermal protection systems (TPS).

DARPA suggests turning old C code automatically into Rust – using AI, of course

8/3/24

To accelerate the transition to memory safe programming languages, the US Defense Advanced Research Projects Agency (DARPA) is driving the development of TRACTOR, a programmatic code conversion vehicle.

Forbes Profile - Zander Brumbaugh

Trive Capital Forms Canopy Aerospace and Defense

Trive Capital (“Trive”), the Dallas-based private equity firm, is excited to announce Canopy Aerospace & Defense (“Canopy A&D” or the “Company”), a newly formed advanced materials provider.