Former Ukrainian Defense Minister Mykhailo Fedorov has announced the launch of a new defense technology company, with Palantir CEO Alex Karp set to become its first major investor.

The venture comes after Fedorov’s five months as defense minister ended with his dismissal in July, a decision that triggered weeks of protests demanding his return. He is now taking his focus on drones, AI and other military technologies into the private sector, while partnering with a company whose growing role in warfare and government data has also drawn criticism.

Fedorov announced the venture on X on 1 September with little other information, saying more details would be released soon.

In a video released alongside the announcement, Karp said he and Fedorov had worked together for five years and that he was excited to help turn Ukraine’s experience of modern warfare into products for allied countries.

“Our ambitious new project will strengthen Ukraine and help build a safer future for the entire world,” Fedorov wrote.

From digital minister to defense reformer

Fedorov, 35, became one of the most prominent figures in Ukraine’s drive to use technology to transform its military during the full-scale war. Before becoming defense minister, he served as minister of digital transformation, where he helped build Ukraine’s digital government infrastructure and became closely associated with the country’s rapid adoption of drones and other military technologies.

He became defense minister in February 2026 and spent roughly five months in the post before President Volodymyr Zelenskyy dismissed him on 15 July as part of a broader government reshuffle. The dismissal reportedly followed a prolonged conflict between Fedorov and then-Commander-in-Chief Oleksandr Syrskyi over the direction of Ukraine’s military. Zelenskyy later said the relationship between the two had broken down.

Fedorov had pushed for a more technology-driven military, including greater use of drones, robotics, artificial intelligence and data-based decision-making. During his tenure, his team also pursued changes to defense procurement and logistics.

His dismissal triggered rare wartime protests across Ukraine. Demonstrators in Kyiv and several other major cities demanded his reinstatement, arguing that his removal threatened the military-technology reforms they credited with improving Ukraine’s ability to fight Russia.

The protests continued for roughly a month but failed to reverse the decision. Parliament approved Yevhenii Khmara as defense minister on 19 August.

The movement later lost momentum after Fedorov called for wartime elections, a position that protesters rejected amid the ongoing war. The episode nevertheless made his dismissal an unusually public political dispute, with supporters defending his record while Zelenskyy and others pointed to disagreements over military leadership and policy.

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What Fedorov did after leaving office

Since leaving the Defense Ministry, Fedorov has remained focused on defense technology rather than returning to another Ukrainian government position.

In late August, Italian Defense Minister Guido Crosetto said he had offered Fedorov a position as an adviser on modern warfare and defense innovation. Fedorov agreed to provide advice remotely and on a non-staff basis, while keeping his main work focused on Ukraine’s defense-tech sector.

Fedorov has also been working to establish a defense-tech investment fund and has been seeking US investors for it. During a working trip to Washington in August, he pitched a fund that would not only invest in existing Ukrainian defense-tech companies but also build new ones around technologies he considers critical to the war.

He identified three priorities: battlefield robots that can replace soldiers in the most dangerous positions, jet-powered interceptor drones capable of countering Russia’s faster attack drones, and inexpensive AI-enabled missiles.

Fedorov also proposed helping the United States develop an attack-drone fleet in exchange for additional Patriot interceptor missiles for Ukraine. He described the idea as a potential trade, but it is his own proposal rather than an agreement with the US government, and he no longer holds a government position that would allow him to negotiate such a deal.

In a recent Reuters interview, Fedorov also emerged as a more outspoken critic of Ukraine’s wartime trajectory, saying that “it looks as though we’re gradually, slowly losing.” His comments came after his dismissal and amid his continuing disagreements with the military leadership over the direction of Ukraine’s war effort.

The new company announced on 1 September appears to build on this work, moving from plans to invest in and create defense-tech companies toward establishing a company of Fedorov’s own.

Why Palantir matters

Karp’s involvement connects Fedorov’s new venture to one of the world’s largest defense and intelligence technology companies.

Palantir develops software for large-scale data analysis, artificial intelligence and military and government operations. Its products are used to integrate data from different sources and support operational planning and decision-making. Palantir has also worked with Ukraine during the full-scale war, including on AI and data-analysis initiatives.

The company has become increasingly involved in military technology, while also facing criticism over its work with governments and armed forces. Its ties to Israel and its role in military applications, particularly in relation to the war in Gaza, have generated protests and scrutiny over the use of AI and data technologies in warfare.

Palantir has faced separate concerns in the UK over its access to sensitive government and health data, with critics questioning how effectively safeguards around such information can be independently verified.

For Fedorov, the partnership marks a shift from trying to change Ukraine’s military from inside government to building defense technology outside it. For Karp and Palantir, the investment offers a direct connection to a former Ukrainian defense minister whose team worked on military technologies during a war that has rapidly changed how drones, AI, robotics and data are used on the battlefield.