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Funding

Founders Fund in talks to back AI defence startup Anduril at $28 billion valuation


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…



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