Investor profile

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Marlinspike Partners

VC

USAI/MLCybersecurityDeep TechEnterpriseOther

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Investment thesis

Marlinspike is a veteran-led, Washington D.C.-based venture capital firm investing in 'dual-use' technologies that solve national security challenges and create innovative commercial applications. The firm believes that superior technology is the best source of security, and that there is both profit and purpose in funding best-in-class aerospace and defense innovations. It focuses on four core industries: Artificial Intelligence & Data Analytics, Autonomy & Robotics, Aerospace, and Cybersecurity. Marlinspike's dual-use mandate requires that portfolio companies address hard national security problems and possess a credible path to large-scale commercial markets. The firm takes a private equity-style, hands-on approach post-investment—helping founders navigate defense procurement, government partnerships, and commercial scaling. It leverages deep connectivity to the Intelligence Community (particularly the CIA via In-Q-Tel), the Department of Defense, and Silicon Valley to source and support companies that will 'rearm and rebuild' the U.S. defense industrial base.

Notable quotes

We believe that a dual-use strategy is not only important to maintaining our warfighters' advantage, but also offers an attractive investment opportunity providing the resiliency of the public sector contracts and massive scaling of commercial business.

Mislav Tolusic · NSIN Investor Spotlight, nsin.mil · 2023-04-27

By investing in promising companies, we are able to marry profit with purpose.

Mislav Tolusic · Pulse 2.0 Interview, pulse2.com · 2025-01-07

Breaking through in Washington, D.C. is a challenge, but it's one Marlinspike has mastered.

Neil Keegan · BusinessWire – Fund II Advisory Board Announcement · 2024-11-22

Team

Neil P. Keegan

Co-Managing Partner & CEO

Deep TechAI/MLCybersecurity

Mislav Tolusic

Co-Managing Partner & CIO

Deep TechAI/MLCybersecurity

Chip Walter

Partner, Managing Director

CybersecurityAI/MLDeep Tech

Tim Buzby

Chief Financial Officer

Nick Snoad

Vice President

Deep TechAI/ML

William Close

Senior Analyst

Recent investments

CompanyRoundSizeDate
Layup PartsSeries A$42m2026-06-02
Chariot DefenseUnknown2026-02-10
HyporiUnknown2025-01-28
Anduril IndustriesSeries E$1.5b2022-12-01
ArmadaUnknown2023-01-01
KindoUnknown2023-01-01
Elroy AirSeries A$40m2021-08-03
Voyager SpaceUnknown2022-01-01
Rendered.aiUnknown2022-01-01
Kodiak RoboticsUnknown2024-01-01

Frequent co-investors

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