Anduril raises funding at $30.5 billion valuation in round led by Founders Fund, chairman says

Defense tech startup Anduril Industries has raised $2.5 billion at a $30.5 billion valuation, including the new capital, Chairman Trae Stephens said on Thursday. "As we continue working on building a company that has the capacity to scale into the largest problems for the national security community, we thought it was really important to shore up the balance sheet and make sure we have the ability to deploy capital into these manufacturing and production problem sets that we're working on," Stephens told Bloomberg TV at the publication's tech summit in San Francisco. Reports of the latest financing surfaced in February, around the same time the company took over Microsoft's multibillion-dollar augmented reality headset program with the U.S. Army. Last week, Anduril announced a deal with Meta to create virtual and augmented reality devices intended for use by the Army. The latest funding round, which doubles Anduril's valuation from August, was led by Peter Thiel's Founders Fund. T ... Read full article.