The Defense Industry's Start Up Sprint The defense industry has undergone significant transformation in recent years, with the Pentagon increasingly turning to start ups like Code Metal to modernize its outdated infrastructure.
This trend reflects a growing recognition of private sector innovation and a stark acknowledgment of long standing inefficiencies within traditional defense contracting models. Code Metal, valued at $1.
25 billion following a successful Series B funding round in February, has landed an $80 million contract to modernize and AI enable WarMatrix, the Department of War's wargaming simulation environment.