Unicorns & thoroughbreds
Defence unicorns
Dealroom tracks 61 unicorns in Defence — companies that reached a verified $1B+ valuation — worth $550.2B combined, plus 8 thoroughbreds generating $100M+ in annual revenue. Updated August 2026.
61Unicorns ($1B+ valuation)
6Valued at $10B or more
8Thoroughbreds ($100M+ revenue)
$550.2BCombined unicorn valuation
Every Defence unicorn
All 61 companies in Defence that reached a verified $1B+ valuation, ranked by latest valuation. Click a company for its full Dealroom profile.
| # | Company | HQ city | Country | Founded | Valuation | Status |
|---|---|---|---|---|---|---|
| 1 | Palantir | Aventura | United States | 2003 | $285B | IPO 2020 |
| 2 | Anduril | Costa Mesa | United States | 2017 | $61B | Private |
| 3 | Scale | San Francisco | United States | 2016 | $29B | Private |
| 4 | Helsing | Munich | Germany | 2021 | $18B | Private |
| 5 | Applied Intuition | Sunnyvale | United States | 2017 | $15B | Private |
| 6 | Shield AI | San Diego | United States | 2015 | $13B | Private |
| 7 | Saronic Technologies | Austin | United States | 2022 | $9.3B | Private |
| 8 | Armis | San Francisco | United States | 2015 | $7.8B | Private |
| 9 | Quantum Systems | Gilching | Germany | 2015 | $7.7B | Private |
| 10 | DataRobot | Boston | United States | 2012 | $6.3B | Private |
| 11 | NextVision | Ra'anana | Israel | 2009 | $5.1B | IPO 2021 |
| 12 | Digital Global Systems | Beltsville | United States | 2013 | $5B | Private |
| 13 | Chaos Industries | Los Angeles | United States | 2022 | $4.5B | Private |
| 14 | Skydio | San Mateo | United States | 2014 | $4.4B | Private |
| 15 | Soitec | Bernin | France | 1992 | $4.2B | IPO 1999 |
| 16 | Dataminr | New York City | United States | 2009 | $4.1B | Private |
| 17 | Stark | Berlin | Germany | 2024 | $3.5B | Private |
| 18 | Bureau van Dijk | London | United Kingdom | 1991 | $3.3B | Private |
| 19 | Claroty | New York City | United States | 2015 | $3B | Private |
| 20 | Dream Security | Tel Aviv-Yafo | Israel | 2023 | $3B | Private |
| 21 | Beta Technologies | South Burlington | United States | 2017 | $2.7B | IPO 2025 |
| 22 | Recorded Future | Somerville | United States | 2009 | $2.6B | Private |
| 23 | Sakana AI | Tokyo | Japan | 2023 | $2.6B | Private |
| 24 | Theon International | Lakatamia | Cyprus | 1997 | $2.6B | IPO 2024 |
| 25 | webAI | Austin | United States | 2020 | $2.5B | Private |
| 26 | Divergent Technologies | Torrance | United States | 2014 | $2.3B | Private |
| 27 | Armada | San Francisco | United States | 2016 | $2.2B | Private |
| 28 | Allen Control Systems | Austin | United States | 2022 | $2.2B | Private |
| 29 | Onebrief | Honolulu | United States | 2019 | $2.2B | Private |
| 30 | Radiant Industries | El Segundo | United States | 2019 | $1.8B | Private |
| 31 | Mach Industries | Huntington Beach | United States | 2023 | $1.8B | Private |
| 32 | Sila Nanotechnologies | Alameda | United States | 2011 | $1.8B | Private |
| 33 | D-Fend Solutions | Petah Tikva | Israel | 2017 | $1.5B | Private |
| 34 | Harmattan AI | Paris | France | 2023 | $1.4B | Private |
| 35 | Cathedral | United States | United States | 2026 | $1.4B | Private |
| 36 | Unitree Robotics | Hangzhou | China | 2016 | $1.4B | Private |
| 37 | Epirus | Hawthorne | United States | 2018 | $1.4B | Private |
| 38 | TEKEVER | Lisbon | Portugal | 2001 | $1.3B | Private |
| 39 | Gecko Robotics | Pittsburgh | United States | 2013 | $1.3B | Private |
| 40 | BlueVoyant | New York City | United States | 2017 | $1.3B | Private |
| 41 | True Velocity Ammunition | Garland | United States | 2009 | $1.2B | Public via SPAC 2022 |
| 42 | Twenty | Arlington | United States | 2024 | $1.2B | Private |
| 43 | Kela Technologies | Tel Aviv-Yafo | Israel | 2024 | $1.2B | Private |
| 44 | secunet | Essen | Germany | 1996 | $1.2B | IPO 2009 |
| 45 | SkyRyse | Hawthorne | United States | 2016 | $1.1B | Private |
| 46 | BigBear.ai | Columbia | United States | 2020 | $1B | IPO 2021 |
| 47 | Forterra | Clarksburg | United States | 2002 | $1B | Private |
| 48 | Faculty | London | United Kingdom | 2014 | $1B | Private |
| 49 | Defense Unicorns | Colorado Springs | United States | 2021 | $1B | Private |
| 50 | Uforce | London | United Kingdom | 2025 | $1B | Private |
| 51 | NSO Group | Herzliya | Israel | 2009 | $1B | Private |
| 52 | Nominal | Austin | United States | 2022 | $1B | Private |
| 53 | Heven AeroTech | Haifa | Israel | 2019 | $1B | Private |
| 54 | Kraken Technology | London | United Kingdom | 2021 | $1B | Private |
| 55 | Elroy Air | South San Francisco | United States | 2016 | $1B | Public via SPAC 2026 |
| 56 | Reliable Robotics | Mountain View | United States | 2017 | $1B | Private |
| 57 | Invisio | Hvidovre | Denmark | 1999 | $934M | IPO 2004 |
| 58 | Kodiak Robotics | Mountain View | United States | 2018 | $772M | Public via SPAC 2025 |
| 59 | Forge Nano | Thornton | United States | 2011 | $582M | Public via SPAC 2026 |
| 60 | Multiverse Computing | San Sebastián | Spain | 2019 | $501M | Private |
| 61 | Arqit | London | United Kingdom | 2017 | $282M | Public via SPAC 2021 |
Thoroughbreds — the $100M+ revenue tier
Dealroom's revenue milestone: 8 Defence companies past $100M in annual revenue, proof of traction beyond paper valuations.
| # | Company | HQ city | Country | Founded | Valuation | Status |
|---|---|---|---|---|---|---|
| 1 | Auterion | Arlington | United States | 2017 | $600M | Private |
| 2 | Crosscall | Aix-en-Provence | France | 2009 | $79M | Private |
| 3 | Fire Point Defence | Kyiv | Ukraine | 2022 | — | Private |
| 4 | Robin Radar Systems | The Hague | Netherlands | 2010 | — | Private |
| 5 | Govini | Pittsburgh | United States | 2011 | — | Private |
| 6 | Airlogix | Kyiv | Ukraine | 2020 | — | Private |
| 7 | TAF Industries | Kyiv | Ukraine | 2022 | — | Private |
| 8 | Skyfall Industries | Kyiv | Ukraine | 2022 | — | Private |
Frequently asked questions
How many Defence unicorns are there?
Dealroom tracks 61 Defence companies that reached a $1B+ valuation as of August 2026, worth $550.2B combined. 6 of them are valued at $10B or more.
What are the biggest Defence unicorns?
The three most valuable are Palantir, Anduril, Scale.
What counts as a unicorn — and what is a thoroughbred?
A unicorn is a company that reached a $1B+ valuation, verified by Dealroom. A thoroughbred is Dealroom's revenue-based tier: a startup-era company generating $100M+ in annual revenue — traction, not just paper valuation.