Carol Masser

The need to fund growth for these companies would be a talent access to compute and software competence.

It's still an expensive gig.

Thank you very much indeed for joining today.

Lead investor at Georgian.

Let's stick, as Ed says, with the topic of defense.

Military software startup, Defense Unicorns, has become a unicorn itself following Satan's $136 million funding round.

Defense Unicorn CEO Rob Slaughter joins us to talk about the company's plans and how you're able to get the cap table.

I mean, you've got Bain's Capital Tech Opportunities Fund there, but you've also got Answer Capital, Sapphire Ventures.

I'm looking at Valor Equity Partners.

What is it that you tell them you're doing differently, Rob?

Really, it just starts with the problem.

I think, obviously, people know and follow the news.

Everybody, I think, in this country believes and understands how lethal and effective the U.S.

military is.

But a lot of that lethality, a lot of that capability was developed over the series of many decades.

Meanwhile, the software world has completely reinvented itself over the last couple of years.

So really, I think what investors are coming to realize is not only is there a massive need, but there's a massive market.

In addition to that, there's this massive change around how the Department of War is open to contracting.

So specifically, the Department of War really focuses on cost plus fees.

I think that the entire Department of War has reinvented itself, allowing for more fixed price contracting.