Anduril in talks to raise money at $28 billion valuation as defense-tech booms

Anduril, the defense-tech startup founded by Palmer Luckey, is raising capital at a $28 billion valuation, aiming to raise $2.5 billion in the round to disrupt traditional defense contractors and develop its own products. Luckey, who sold Oculus to Facebook, has been a public Trump supporter and has partnered with OpenAI for national security missions, reflecting a trend of AI companies entering defense partnerships. Peter Thiel’s Founders Fund is leading the latest financing with a $1 billion commitment, as Anduril’s revenue doubled in 2024 and it launched new drones using its Lattice AI-powered software for the military and allies.

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