In this engaging discussion, Raj Shah, a defense tech investor and former head of the Pentagon’s Defense Innovation Unit, joins Daniella Cheslow, POLITICO's deputy tech editor. They delve into how private companies are revolutionizing military tech, exemplified by the clash of $10 million tanks against $10,000 drones in Ukraine. Shah shares insights on NATO's Innovation Fund, the rise of defense startups, and the geopolitical implications of advancing U.S.-NATO relations amidst evolving global challenges.