July 25, 2022, 9:29 am; Updated: July 25, 2022, 3:35 p.m
Defense tech startups are having a moment — and big finance is taking notice.
A group of defense firms that have reached, or are likely to soon reach, the $1 billion venture capital funding designation for startup “unicorns” have received enough attention to earn an acronym like that given to a group of former technology companies.
Newcomers are SHARPE coined by investment bank Harris Williams and aerospace and defense consulting firm Avascent. Refers to Shield AI, HawkEye 360, Anduril, Rebellion Defense, Palantir and Epirus.
The previous generation of tech companies were known as FAANGs, for Facebook (now
