Defense start-up Anduril wants to raise $2.5B at $28B valuation
What's the story
Anduril, a top defense technology company, is said to be in talks for a new funding round of as much as $2.5 billion. If the deal goes through, it could value the company at a whopping $28 billion, according to CNBC. The Founders Fund is likely to lead this round with a massive $1 billion contribution, its biggest single investment yet.
Long-term alliance
Founders Fund's enduring partnership with Anduril
The Founders Fund has a history with Anduril, having led the company's seed round in 2017. The fund also contributed significantly to Anduril's 2024 financing. While Palmer Luckey is the face of the company, one of Anduril's five co-founders is Trae Stephens, a partner at Founders Fund. This long-standing partnership highlights the trust and vision shared between the two.
Expansion strategy
Financial growth and future plans
The last funding round of $1.5 billion, which valued Anduril at $14 billion, was mostly used for building a weapons megafactory in Ohio. The new potential investment indicates a continued commitment to expansion and innovation in defense technology. Anduril's revenue for 2024 doubled to $1 billion, further demonstrating the company's robust financial performance.