A New Bank for the Innovation Economy — Erebor Launches to Finance AI, Defense, and Crypto Startups

Erebor Bank has officially launched with $635 million in capital, positioning itself as a specialized financial institution serving startups and investors in sectors such as artificial intelligence, defense technology, cryptocurrency, and advanced manufacturing. Founded by Palmer Luckey and backed by major Silicon Valley investors, the bank aims to fill the gap left by the collapse of Silicon Valley Bank by providing tailored lending and financial services to high-growth tech companies and venture-backed startups.