PitchBook-2025年垂直快照_防御技术（英）-2025.8_11页_1mb

Venture capital investment in the defense tech sector has reached record levels, with $19.1 billion invested in Q2 2025 alone, more than double the previous quarter's investment, and YTD funding hitting $28.4 billion. Valuations have climbed to a median of $115 million per startup, while deal sizes doubled to $20 million, reflecting a shift toward backing mature, dual-use companies. Autonomous systems led funding, with total investment above $6.7 billion, while emerging areas like counter-drone tech and autonomous manufacturing saw significant growth. Exit activity is rebounding, with larger acquisitions and IPOs, signaling strong mainstream acceptance. Public markets, such as Karman Space & Defense and Palantir, are validating the sector's potential through high valuations. Defense tech is now a central pillar of innovation, driven by dual-use opportunities, geopolitical factors, and government spending.