Govini, a defense tech startup taking on Palantir, hits $100 million in annual recurring revenue

Core Insights - Govini, a defense tech software startup, has surpassed $100 million in annual recurring revenue and is experiencing over 100% growth in a three-year compound annual growth rate (CAGR) [1] - The company has received a $150 million growth investment from Bain Capital to expand its team and product offerings in response to increasing security demands [2] - Govini is part of a growing group of defense tech startups that are competing against established giants like Boeing, Lockheed Martin, and Northrop Grumman [3] Company Summary - Govini is based in Arlington, Virginia, and is focused on the defense technology sector [2] - The CEO, Tara Murphy Dougherty, expressed optimism about the company's growth potential in a large market [1] - The company plans to utilize the new investment to enhance its capabilities and meet rising national security needs [2] Industry Context - There is a trend of increased venture capital investment in defense tech startups due to heightened national security concerns and the need to modernize military capabilities [2] - The competitive landscape includes both innovative startups like Govini and established defense contractors that have historically relied on Pentagon contracts [3]