Defense technology startup Anduril Industries Inc. has raised $1.5 billion in a new funding round and plans to spend hundreds of millions on a new manufacturing facility.
Defense technology startup Anduril Industries Inc. has raised $1.5 billion in a new funding round and plans to spend hundreds of millions on a new facility to manufacture its rockets, underwater vehicles and other autonomous weapons systems at greater scale and speed.
The new funding round represents a big bet by Founders Fund and other investors that startups like Anduril can take market share from legacy defense companies. Founders Fund has deep ties to Anduril: Trae Stephens, Anduril co-founder and executive chairman, is also a Founders Fund partner. The firm, which has backed the company since its inception, was joined by new investors including Fidelity Management & Research Co., Counterpoint Global and Baillie Gifford.
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