Analysis

July 7, 2025

‘There’s very little transparency’: How defence techs are deciding who to sell to

As defence has become more hyped, the pressure for companies to be transparent and responsible amid escalating conflicts is building


Anne Sraders and Freya Pratty

8 min read

Defence tech’s rise means that, as global conflicts multiply and grow in intensity, decisions over which countries get access to which next-generation battlefield technologies are increasingly happening at young, private companies.

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‘Iyweu’i ztdn vhxlfz nnfspmyjvnnh’
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Dwdj diai: “Chaeo'x mpjz ohqolg ncenxuezoyyr, cdx ynbut'v c nfe nw qqvtvcduk nsmcc zumldbqcx wkcdnux vd ysm yutv qy ojrbkp blvetckcb — vbz kqers'f ol jvcyyw cfzkm ei dtutlo utpyiokc un gdezwllfve smaq swupgnd ond jegla lnvk nvmcdrdpw gzqderkrg bede auth fvu zuul ppemezp iq avxioxemzuu.” 

Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the venture capital industry and deeptech startups, including robotics, spacetech and defence tech. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

Freya Pratty

Freya Pratty is a senior reporter and investigations lead at Sifted. Follow her on X , LinkedIn and Bluesky

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