Feb 7 (Reuters) - 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.
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 ), 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.