{"id":37654,"date":"2025-02-13T18:40:47","date_gmt":"2025-02-13T18:40:47","guid":{"rendered":"https:\/\/one.sightlinemg.com\/c4isrnet\/uncategorized\/2025\/02\/13\/former-pentagon-leader-chris-miller-joins-defense-investment-firm\/"},"modified":"2026-08-08T01:20:07","modified_gmt":"2026-08-08T01:20:07","slug":"former-pentagon-leader-chris-miller-joins-defense-investment-firm","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/c4isrnet\/battlefield-tech\/2025\/02\/13\/former-pentagon-leader-chris-miller-joins-defense-investment-firm\/","title":{"rendered":"Former Pentagon leader Chris Miller joins defense investment firm"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Former Acting Defense Secretary Christopher Miller has joined Fulcrum Venture Group, a private capital firm investing in early-stage defense technologies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fulcrum\u2019s managing partner, Andrew Bartholomew, a Marine Corps veteran, founded the firm in 2024 after sensing a lack of both first-hand military experience and differentiation in the current venture capital market. Since then, the group has invested in seven companies that make a range of defense technologies, from AI-enabled analytics to advanced manufacturing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe\u2019re really focused on the upstream enabling technologies and processes that enable the drone ecosystem and the defense ecosystem more broadly,\u201d Bartholomew told Defense News in an interview. \u201cAnd we\u2019re trying to leverage insights from guys like Chris Miller to make sure we understand what needs are coming down the pipe and what technologies we can get in front of today.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Miller, a retired colonel in the Army Special Forces who <a href=\"https:\/\/www.militarytimes.com\/news\/your-military\/2020\/11\/17\/acting-secdef-assures-end-of-generational-mideast-wars-in-announcement-of-partial-drawdown\/\" target=\"_blank\">led the Pentagon<\/a> during the last few months of President Donald Trump\u2019s first administration, will serve as an adviser at Fulcrum. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Miller told Defense News in the same interview that he\u2019s spent a lot of time with investors over the last few years and was drawn to the firm\u2019s focus on investments in companies developing emerging and enabling technology. That\u2019s largely because of his own conviction that the Pentagon is not doing enough <a href=\"https:\/\/www.c4isrnet.com\/opinion\/2023\/09\/27\/to-stay-competitive-us-military-complex-must-hurdle-valley-of-death\/\" target=\"_blank\">to engage with smaller, nontraditional technology firms<\/a>, he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis is a hot market,\u201d said Miller, who is now chief strategy officer at autonomy company DZYNE Technologies. \u201cI don\u2019t think the Department of Defense has done what\u2019s necessary to actually incentivize the investments that are going into defense tech and dual use.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Without broader investment in military technology \u2014 beyond companies like Anduril and Palantir that have significantly expanded their defense footprint in recent years \u2014 DOD risks sending a signal that smaller firms don\u2019t actually \u201chave a shot,\u201d Miller said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bartholomew and Miller said they\u2019re encouraged by some DOD moves in recent years, including the creation of the Office of Strategic Capital and investment in the<a href=\"https:\/\/www.c4isrnet.com\/battlefield-tech\/2023\/12\/04\/pentagons-commercial-tech-arm-to-ramp-up-role-in-military-innovation\/\" target=\"_blank\"> Defense Innovation Unit<\/a>. Miller also pointed to the Pentagon\u2019s Strategic Capabilities Office as a leader in operationalizing new technology.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But Miller said he wants to see their potential better harnessed within the department.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Miller said that while he\u2019s optimistic that <a href=\"https:\/\/www.defensenews.com\/pentagon\/2025\/01\/28\/in-trumps-pentagon-a-growing-skepticism-about-us-military-power\/\" target=\"_blank\">Trump\u2019s new defense team<\/a> and Elon Musk\u2019s Department of Government Efficiency, or DOGE, may be able to create sufficient change within the Pentagon to drive acquisition reform and broaden the defense industrial base,<b> <\/b>his experience in the Pentagon<b> <\/b>is that bureaucratic inertia often stifles disruption \u2014 especially if reform efforts aren\u2019t implemented in a strategic way.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI think it\u2019s a great forcing function if done maturely and used strategically,\u201d Miller said of DOGE. \u201cBut breaking the status quo \u2026 is really, really, really going to be hard.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm, founded in 2024, focuses its investments on emerging and enabling technologies like advanced manufacturing and 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