Anduril, a defense technology startup founded by Palmer Luckey, has signed a term sheet to raise up to $2.5 billion in funding, valuing the company at $28 billion. This latest investment would double Anduril's existing capital and is led by Peter Thiel's Founders Fund with a $1 billion commitment. Anduril is known for its Lattice AI-powered command and control software used by the U.S. military and allies to direct human-assisted robotics systems. This funding comes amidst a broader trend of AI companies re-evaluating bans on military use and partnering with defense entities.
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.24/7 San Diego news stream: Watch NBC 7 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.
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Anduril Raises $2.5 Billion at $28 Billion ValuationAnduril, a defense-tech startup founded by Palmer Luckey, has secured a term sheet for a funding round that could raise up to $2.5 billion, valuing the company at $28 billion. This significant investment highlights Anduril's innovative approach to defense technology, its rapid growth, and its increasing influence in the sector.
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Anduril, Defense-Tech Startup, to Raise $2.5 Billion at $28 Billion ValuationAnduril, a defense-technology startup founded by Palmer Luckey, is set to raise up to $2.5 billion in funding at a valuation of $28 billion. This latest round will double the company's valuation and fuel its growth as it continues to develop and sell its own products to clients, bypassing the traditional military contracting process. Anduril's Lattice AI-powered command and control software is used by the U.S. military and allies to direct human-assisted robotics systems.
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Anduril Defense Tech Startup Raises $2.5 Billion at $28 Billion ValuationAnduril, 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.
Read more »
Defense Tech Startup Anduril Secures $2.5 Billion Funding at $28 Billion ValuationAnduril, a defense technology company founded by Palmer Luckey, is set to raise up to $2.5 billion in funding at a valuation of $28 billion. The company, known for its AI-powered command and control software used by the U.S. military and allies, plans to utilize the funds for product development and expansion. This latest round, led by Founders Fund with a $1 billion commitment, positions Anduril as a major player in the growing defense tech sector.
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