Palantir CEO to invest in Fedorov defence firm

Palantir Chief Executive Alex Karp is set to become the first major investor in a new defence technology venture launched by former Ukrainian minister Mykhailo Fedorov. The initiative focuses on advanced military tech.

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Palantir Technologies CEO Alex Karp attends the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 20, 2026. REUTERS/Denis Balibouse

Palantir CEO Alex Karp is backing a new defence technology venture launched in Ukraine, becoming its first major investor. The initiative is spearheaded by Mykhailo Fedorov, the former defense minister who left his post in July.

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