Shares of AI drone company Swarmer rose 520% in its first day of trading on the Nasdaq, raising $15 million and giving it an initial market cap of $60 million. The company's market cap had risen to more than $382 million by the close of the day. The success of the IPO comes at a crucial time as the U.S. and the Iran-Iran war escalate into a larger regional conflict. Following Swarming's success, we have compiled a list of 12 other potential defense tech startups that are deemed likely IPO candidates using Crunchbase's predictive intelligence tools.