Founders Fund may back Anduril at $28B valuation, sources say

Founders Fund may back Anduril at $28B valuation, sources say ( REUTERS/Nathan Howard/File Photo)

Asif Iqbal | February 8, 2025 | 10:21 AM IST | Breaking News, World | Tags: Anduril, Anduril industries, Founder fund | Follow on Google News

Founders Fund may back Anduril at $28B valuation, sources say

AI-powered defense startup Anduril Industries is in talks for a new funding round that could hike the valuation of the Palmer Luckey-founded company to $28 billion, sources said on Friday.

Tech billionaire Peter Thiel’s Founders Fund is set to lead the round, which could be as much as $2.5 billion, according to the sources, signaling strong appetite from investors in this fast-growing defense tech company. The round would come only months after its last raise of $1.5 billion at a $14 billion valuation in August.

Founders Fund has been a backer of Anduril since its start in 2017, and one of Anduril’s co-founders, Trae Stephens, is a partner at the firm.

Founders Fund declined to comment on the funding, which was first reported by CNBC.

Anduril, headquartered in Costa Mesa, California, develops autonomous weapons across a wide variety of sensors, including drones. The company announced last month it plans to build a large-scale weapons plant in central Ohio, as it uses funding to invest building out manufacturing capabilities.

In 2023, the startup launched its Lattice for Mission Autonomy, an AI-enabled software to collaborate with teams of autonomous systems during missions under human supervision.

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Before Anduril, Luckey is credited with founding virtual reality company Oculus VR, which was acquired by Facebook in 2014 for $2.3 billion.

U.S. Vice President JD Vance invested in Anduril during his previous career as a VC investor, and still hold stakes in the company, according to his filings.

Thiel, who also co-founded military technology company Palantir (PLTR.O)
, opens new tab, has been a longtime Republican donor, including backing President Donald Trump’s first successful run in 2016 and Vance’s run for Senate in 2022. ( Reuters)

(Except for the headline, this story has not been edited by VoM News staff and is published from syndicated feed)

Asif Iqbal

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