Anduril, a defense technology startup founded by Palmer Luckey, has secured a term sheet to raise up to $2.5 billion in funding, valuing the company at $28 billion. The funding round will be led by Founders Fund with a $1 billion commitment, marking the largest check ever for the firm. Anduril is known for developing its own defense products and selling them directly to clients, bypassing the traditional military contracting process.
Defense-tech startup Anduril has signed a term sheet to raise up to $2.5 billion at a valuation of $28 billion, according to sources close to the company.📺 Los Angeles news 24/7: Watch NBC4 free wherever you are
Anduril, the defense-tech startup founded by Palmer Luckey, has signed a term sheet to raise capital at a $28 billion valuation, according to people familiar with the matter. The company is planning to raise up to $2.5 billion in the round, said the people who asked not to be named because the details are confidential. The latest funding would double Anduril'sby developing its own products and selling them to clients, in contrast to the traditional military process of contracting and then building.
DEFENSETECHNOLOGY FUNDING PALMER LUCKEY ANDURIL FOUNDERS FUND
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