Marlinspike Partners announced the final close of Marlinspike Disruptive Technology Fund II at $127 million. The fund surpassed its original $75 million target.
Marlinspike is a venture capital firm investing in dual-use technologies with national security and commercial applications. Fund II will invest in early-stage companies operating at the intersection of national security and next-generation industrials.
The firm said the fund is closing at a critical time as artificial intelligence and robotics are reshaping defense and increasing the strategic value of domestic industrial production. Marlinspike plans to back companies developing technologies across artificial intelligence, autonomous systems, advanced manufacturing, and other mission-critical sectors.
Fund II will focus on companies serving the United States and its allies. Marlinspike said its thesis centers on rebuilding the industrial base, strengthening American manufacturing, and supporting technologies that advance security and prosperity.
The firm said the fund advances its strategy of building a generational investment firm focused on maintaining American technological leadership. Marlinspike’s portfolio includes companies such as Anduril Industries, BrightAI, Layup Parts, Armada, JetZero, and others.
Fund II is supported by legacy Marlinspike investors, family offices, Conway Investment Solutions, and institutional investors. These include Fairfax County Employees’ and Police Officers Retirement Systems.
Marlinspike was founded in 2020 and launched a series of venture funds after successful co-investments in companies such as Palantir and Shield AI. Its first disruptive technology fund launched in 2022 with positions including Anduril Industries, Armada, Voyager Technologies, and Elroy Air.
Marlinspike Disruptive Technology Fund II followed in 2024 with positions in Layup Parts, Kodiak AI, BrightAI, JetZero, and others. The firm is headquartered in Arlington, Virginia.
KEY QUOTES:
“Marlinspike was built around the belief that maintaining American technological dominance requires investing in the companies rebuilding the industrial base and rearming the United States for the next generation of national security challenges. With Fund II, we are deepening our commitment to founders building technologies that can serve urgent defense needs while scaling into large commercial markets. We are high-conviction investors taking bold action before it’s obvious, funding companies shaping the next generation of industrial leadership.”
Neil Keegan, Co-Founder and CEO of Marlinspike Partners
“We believe we are transitioning from a human-centric to an autonomy-centric world; from a world run and operated by humans to one run by AI and operated by robotics. We are at the early stages of the transition, and we expect to see meaningful acceleration of U.S. GDP growth in the next few years. We look for bold founders rebuilding the U.S. industrial base through grit and pushing the boundaries of engineering.”
“The Internet did not change how we make and drive cars; AI is changing both. The implications for national security and economic prosperity are clear: nations that master AI-enabled design, manufacturing, and autonomy will build faster, compete harder, and lead the next industrial era.”
Mislav Tolusic, Managing Partner and Chief Investment Officer at Marlinspike Partners
“We are delighted to be partnering with Neil Keegan, Mislav Tolusic, and the broader team at Marlinspike. We share a constructive outlook on the investment opportunities ahead across Autonomy, Advanced Manufacturing, and Artificial Intelligence.”
Katherine Molnar, Chief Investment Officer of the Fairfax County Police Officers Retirement System
