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US Innovative Technology (USIT) is a Pittsburgh-based venture capital firm founded in 2022 by Thomas Tull. The firm focuses on early- and growth-stage technology companies that develop dual-use applications for both the commercial sector and the U.S. defense industry. USIT is recognized as one of the leading defense-tech VC platforms in the United States, emphasizing investments in sectors experiencing significant technological shifts.
The firm operates under the registered entity US Innovative Technology Capital Management LLC and has a reported committed capital of approximately $1.78 billion. USIT aims to raise a total fund size of between $3 billion and $5 billion, indicating a strong commitment to expanding its investment capabilities. The firm has established itself as a prominent player in the defense-tech space, attracting notable limited partners such as Guggenheim Partners.
US Innovative Technology invests in technologies deemed critical for national interest, particularly in sectors such as defense technology, artificial intelligence, cybersecurity, and biotechnology. The firm targets early-stage and growth-stage companies that can scale commercially while providing asymmetric national security value. USIT's investment strategy emphasizes dual-use technologies that serve both commercial and defense sectors, ensuring that their portfolio companies can thrive in both markets.
Investment areas include autonomous systems, AI and machine learning, space and satellite communications, cybersecurity, quantum computing, logistics, and biotechnology. USIT seeks companies that are not only innovative but also align with U.S. policy priorities regarding national security and technological advancement. The firm looks for founders who demonstrate a strong vision and capability to navigate complex commercial and government landscapes.
US Innovative Technology has invested in a diverse range of companies, focusing on dual-use technologies that serve both commercial and defense sectors. Notable portfolio companies include:
Overall, USIT has made approximately 26 investments, including three unicorns and three acquisitions, showcasing its active role in the defense-tech sector.
Thomas Tull: Founder and Chair of US Innovative Technology, Tull is a former CEO of Legendary Entertainment, known for producing films like The Dark Knight and Inception. He co-founded TWG Global and is recognized as a leading investor in the defense-tech ecosystem.
Gaetano Crupi: Managing Director at USIT, Crupi brings extensive experience in venture capital and technology investments, contributing to the firm's strategic direction and portfolio management.
To pitch US Innovative Technology, founders should utilize the contact email contact@usitfund.com or the website usitfund.com. A well-structured pitch deck should include details on the technology's dual-use potential, market analysis, and team qualifications. USIT prefers warm introductions but will consider direct outreach. Response times may vary, so patience is advised after submission.
In November 2025, US Innovative Technology co-led a $1.5 billion Series E funding round for Lambda, a company specializing in AI compute and GPU cloud infrastructure. This investment highlights USIT's commitment to backing innovative technologies with dual-use applications.
Additionally, USIT participated in the Series C funding round for Oxide Computer Company in February 2026, further expanding its portfolio in the cloud computing sector.
What are USIT's investment criteria?
US Innovative Technology focuses on early- and growth-stage companies that develop dual-use technologies relevant to national interest. They prioritize sectors such as defense technology, AI, cybersecurity, and biotechnology.
How can I pitch to USIT?
Founders can pitch to USIT through their website at usitfund.com or via email at contact@usitfund.com. A clear presentation of the technology's dual-use potential and its relevance to national security is essential.
What makes USIT different from other VCs?
USIT specializes in dual-use technologies that serve both commercial and defense sectors, providing unique insights and access to the U.S. defense ecosystem. Their focus on national interest technologies sets them apart.
What is the typical check size for investments?
While specific check sizes are not disclosed, USIT invests across seed, Series A, Series B, and growth equity stages, indicating a flexible approach to funding.
What is USIT's geographic focus?
US Innovative Technology primarily invests in companies based in the United States, aligning with their focus on national security and defense technologies.
What kind of support do portfolio companies receive?
USIT provides strategic guidance and access to resources that help portfolio companies navigate both commercial and government markets, leveraging their expertise in defense technology.
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