Ethan Hannigan
Defense tech startup Anduril Industries has signed a term sheet to raise up to $2.5 billion in capital, potentially raising its valuation to $28 billion, CNBC reported Friday.
Unnamed sources revealed that the company could double its August 2024 valuation of $14 million.
In June 2024, Anduril announced plans to raise $1.5 billion in new investments to boost its research and development, manufacturing and acquisitions activities.
Disrupting the Defense Sector
Anduril is known for its strategy of disrupting traditional defense contractors via the development of its own products and selling them to clients instead of the traditional contracting and building process by the military.
The firm partnered with artificial intelligence startup OpenAI in December to enable the deployment of advanced AI systems for “national security missions.”
“I’ve been on the tech-for-Trump train for longer than just about anyone. The idea that we need to be the strongest military in the world is really non-partisan,” said Anduril founder Palmer Luckey, a public supporter of President Donald Trump.
