Defense tech startup Anduril is reportedly gearing up for a huge funding round that could double its valuation. According to trusted sources, the company founded by Palmer Luckey has signed an initial agreement to raise funds at a whopping $28 billion valuation. In this round, Anduril aims to secure up to $2.5 billion. If successful, this will double the company’s valuation since its last assessment in August.
Not Your Typical Defense Contractor
Anduril has been shaking up the defense industry, challenging big names like Lockheed Martin and Raytheon. Unlike traditional companies that wait for military contracts before developing products, Anduril creates cutting-edge tech first and sells it to clients, including the government.
Backed by Big Investors
This funding round is led by Peter Thiel’s Founders Fund, which is injecting a record-breaking $1 billion into Anduril—the biggest investment the firm has ever made. Trae Stephens, a partner at Founders Fund, is also one of Anduril’s co-founders.
AI and Trump Connection
As AI collaborations with the defense industry grow, Anduril recently partnered with OpenAI to develop advanced artificial intelligence systems for national security missions. This move follows the footsteps of companies like Anthropic and Palantir, which have also started working with the military.
Meanwhile, Palmer Luckey has been an open supporter of Donald Trump, even before the former president’s return to the White House. In an interview with CNBC, he emphasized that having a strong military should be a non-partisan issue.
Soaring Revenue
In 2024, Anduril’s revenue reportedly doubled to around $1 billion, with annual contract value reaching $1.5 billion. The company continues to innovate, launching high-tech drones powered by AI to assist military operations.
With fresh funding and continuous innovation, Anduril is on track to become a major force in the future of defense technology. What do you think? Is AI in the military an exciting advancement or a controversial move?