- JPMorgan Chase has made $5 billion in startup investments in the first year of its U.S. security and resiliency initiative, a faster pace than expected.
- The bank took direct stakes in defense-related startups Hadrian, which builds automated factories, and Castelion, which develops low-cost hypersonic missiles.
- JPMorgan financed and facilitated more than $230 billion in transactions in the initiative's first year, part of a goal of supporting $1.5 trillion in activity over a decade.
Quotes
“Our approach is to find generational companies and partner with them for the long term”
“He's done a great job and put us in some really interesting companies”