Valinor: Building the Modern Defense Prime
There's no shortage of demand in defense. If you spend any time with Pentagon program officers or operators in the field, they'll tell you exactly what they need. The problems are known. The requirements are clear. In many cases, the budgets already exist.
So what’s the holdup?
Real demand keeps getting stuck in process. It’s all the procurement complexity, compliance overhead, security certifications, and the relationship-building that takes years. Good technology gets built and then it just... stalls. Not because it doesn't work, but because the system between builder and buyer was never designed for speed.
This is what Valinor solves.
What's Old Is New
Valinor’s holding company structure for defense products, while new, isn't a left-field invention. It echoes how every major prime contractor works. A collection of solutions, serving many different buyers, across many contract types. That’s Lockheed and Raytheon, and how defense has worked for decades.
But somewhere along the way, the model calcified into services contracts with time-and-materials billing. Solutions that take three years and $50 million to field. Companies that grow slowly, sell at 2x multiples, and never quite keep pace with how fast the threat environment is changing.
Over the past decade, a small group of "neo-primes" started to make change. Palantir. SpaceX. Anduril. They mastered the government sales motion while shipping products, not services. We backed Anduril early, taking a front-row seat to what this model looks like when it works.
Valinor is the next evolution.
Where Anduril built one company with multiple product lines, Valinor is building a platform for launching many product companies in parallel. They centralize all the hard-to-replicate stuff: government sales expertise, compliance infrastructure, contracting pathways, security certifications. And they decentralize the engineering into small, focused subsidiary teams, each led by a General Manager who owns real equity and runs their own P&L.
These entrepreneurs, with the full weight of Valinor’s government access and infra behind them, can ship with startup velocity to customers who can actually buy.
For all these reasons, we’re so excited to be part of their new Series A round. At XYZ, we aim to support companies that get the best technology into the hands of people making consequential decisions for our country. Valinor speaks directly to this mission.
The Products
Since emerging from stealth in late 2025, Valinor has launched five product companies, all already deployed to real missions.
Harbor builds mobile medical systems for austere environments. Think a deployable trauma bay or operating room that can be set up fast and moved faster.
Condor is an attritable drone built for contested environments, with a modular airframe and a U.S. supply chain designed for high-volume production.
Dispatch provides autonomous charging stations for unmanned systems, so you can run persistent drone operations without someone babysitting the batteries.
Reflex is an AI-enabled smart optics system that can run fully offline, embedding intelligence right at the point of capture.
Streamline is a data ingestion platform that became the first third-party application you can actually install through Palantir Foundry.
Five product companies. All with government contracts. All deployed. And there's more coming in 2026: military construction, munition lifecycle management, maritime systems. The flywheel is gaining speed.
A Very Rare Team
Valinor Co-founder & CEO Julie Bush spent over a decade at Palantir working directly with military and intelligence customers as SVP, Federal. She's one of a small group who have actually navigated government procurement at scale, built the relationships that matter, and shipped systems relatively quickly that operators use in the field. She knows the buyers and the budgets and priorities. She has the trust of customers built over decades of collaboration. And that trust is hard to replicate.
When we asked around, the feedback was consistent. The best people we know in this space kept saying the same thing: this is the team they'd want delivering innovative solutions to government.
An Enormous Market
Here's what made this investment feel simple: Valinor doesn't build something and then go looking for customers. They start with real demand. Problems that customers are already trying to solve, capabilities they're already asking for. And then they match those mandates to exceptional product leaders who can actually execute.
The customers want these products, and they want them now. They're not waiting around for a three-year procurement cycle. Valinor's model lets builders who are already intimate with these problems move fast, because someone else is handling the compliance and the contracting and the security certifications that would otherwise grind progress to a halt.
The model is the invention, and it’s going to unlock billions in venture-scale value.
