Mikhail Fedorov, former Minister of Defense of Ukraine, has officially announced the creation of his own defense technology company. The project's first key investor will be Alex Karp, the CEO of the American company Palantir Technologies. This became known on August 31, 2026, from a joint video by Fedorov and Karp, recorded at Palantir's office in Washington, as well as from a press release cited by RBC-Ukraine and several other Ukrainian publications.
The Washington Meeting and a Five-Year Partnership
In the joint video, Alex Karp emphasized that he has been working together with Mikhail Fedorov for five years and that he is "deeply inspired" by what the former minister and Ukrainian specialists have managed to achieve. "You and your colleagues are launching a company that, in my view, will be world-defining, turning your knowledge and understanding of modern warfare into a product for allied nations. And if we can help you with that, it will be a great honor for us," Karp stated. Thus, Palantir, known for its analytics platforms for defense and intelligence structures, has effectively secured its position as the starting investor in a project that Fedorov positions as global.
Strategy: From Ukrainian Experience to a Global Product
Fedorov himself explained in the video that the company's goal is to use the experience and expertise gained during the technological transformation of Ukraine's defense sector to create new technologies with global potential. According to him, during the full-scale war, his team gained "unique experience working with defense technologies" and saw with their own eyes how technology is transforming modern warfare. "We are creating our own defense tech company. Alex Karp, CEO of Palantir, will become its first key investor. Our new ambitious project will strengthen Ukraine and help make the future safer for the whole world," Fedorov stated. At the same time, he emphasized that Ukraine will remain his priority: the technologies being developed must first and foremost strengthen the country's defense capabilities, and then help its allies.
Political Context: From the Ministry to International Projects
Mikhail Fedorov headed the Ministry of Defense of Ukraine from January to July 2026. After leaving his post, he continued working on international defense technology projects. In late August 2026, it became known that Fedorov agreed to become an advisor to Italian Defense Minister Guido Crosetto on defense innovation issues. This step, along with the launch of his own company, indicates the formation around the former minister of an entire ecosystem of international defense technology connections that go far beyond the Ukrainian context.
Political Debate Around Fedorov
Worthy of separate attention is the political backdrop against which the company's launch is taking place. In mid-August 2026, Fedorov publicly called for elections to be held during the war, which sparked a heated debate in the Ukrainian political space. The President's Office called such an initiative unrealistic against the backdrop of ongoing Russian attacks. This episode underscores that Fedorov's public activity, even after leaving the post of minister, remains prominent and often goes beyond a purely technological agenda, touching on issues of state governance and domestic policy.
What Is Known About the Company and the Investments
As of the time of publication (September 1, 2026), more detailed information about the structure of the new company, its technological focus, the scale of investments, and plans for market entry has not been disclosed. Fedorov and Karp limited themselves to a general description of the project's mission. Details are expected to be announced later. Nevertheless, the very fact of bringing in Palantir as the first investor indicates that the company will be oriented toward advanced analytics and AI solutions for the defense sector, and its target market, judging by the statements, will cover not only Ukraine but also allied countries in Europe and beyond.
