Ousted Ukrainian defense chief Fedorov launches venture with Palantir CEO Karp

September 2, 2026 at 04:42 AM2 min

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Former Ukrainian Defense Minister Mykhailo Fedorov and Palantir CEO Alex Karp announced a new defense technology venture on Tuesday. The company will focus on technologies that Fedorov said will strengthen Ukraine and its allies. The partnership follows Fedorov's July departure from government and Karp's early support for Kyiv after Russia's 2022 invasion.

Key Facts

Mykhailo Fedorov left his post as Ukraine's defense minister in July 2025.
Palantir posted 93% year-over-year revenue growth last quarter and a valuation above $440 billion.
Fedorov previously backed Delta, Ukraine's battlefield management system that fuses drone feeds, radar, and field data.
Palantir's Maven Smart System uses Anthropic's AI model for battle planning and briefing.
Ukraine's Brave1 Dataroom, launched earlier this year with Palantir, lets Ukrainian companies train AI models on real combat data.

The Partnership

Fedorov said his team gained unique experience with defense technologies during the full-scale war in Ukraine. He stated the new venture aims to build technologies that will strengthen Ukraine, help allies, and make the world safer. Karp said he has worked with Fedorov for half a decade and was inspired by what Ukrainians have accomplished. Karp was among the first Western tech executives to visit Kyiv after Russia's 2022 invasion.

Technology Background

Fedorov built his reputation on backing Delta, Ukraine's battlefield management system that fuses drone feeds, radar, and field data into a layered dashboard. Outgoing U.S. Army Secretary Dan Driscoll called Delta's modular open system architecture command and control system 'absolutely incredible' in May Senate testimony. Driscoll said U.S. Army systems remain compartmentalized, isolated, and ineffective against modern threats. Palantir's Maven Smart System uses Anthropic's AI model to combine real-world data and intelligence analysis for battle planning. Palantir's technology has been deployed by more than half a dozen Ukrainian government agencies.

Market Position

Palantir posted 93% year-over-year revenue growth last quarter. The company's valuation has soared past $440 billion, up nearly 28-fold from its 2020 stock market debut. Roughly half of Palantir's total revenue comes from U.S. government contracts. Ukraine's Brave1 Dataroom, a joint project between the defense ministry and Palantir launched earlier this year, runs on Palantir's infrastructure. The Dataroom lets Ukrainian companies train AI models, including target-detection systems for countering Shahed-type drones, on real combat data.