We have started a surge in defence spending, up to 800 billion euros till 2030 member states are stepping up their investment at record level. And this has helped to triple the market value of European defence industry companies since January 2022. We now have three leading European defence tech startups that have reached unicorn valuation. They are working on AI powered software and systems for battlefield intelligence, or on advanced dual use and surveillance drones. So they are also driving innovation and investment in Europe's defence tech industrial base. (14:13–14:23)
CLAIM
Asserts that three European defense tech startups have reached unicorn valuation.
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