Just as President asks for $20 billion for military assistance to Ukraine, news breaks that a Southern California military defense startup may be raising at least $500 million.
Costa Mesa, California-based , an advanced defense technology startup, is reportedly looking to raise at least $500 million鈥攁nd as much as $1 billion鈥攁t a more than $7 billion pre-investment valuation, to .
Anduril provides AI-enhanced military and surveillance technologies across land, air and sea. In January, it that the had picked Anduril to support its counter-drone systems in a deal worth nearly $1 billion.
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In June, the company raised a $450 million Series D at a post-money valuation of $4.6 billion. The round was led by , with participation from , , , , , and .
Aside from its investors, the company has other notable names behind it. Anduril was co-founded by 鈥攚ho co-founded , the VR startup sold to for $2 billion in 2014. Luckey also serves as Anduril鈥檚 CTO.
, who serves as the company鈥檚 co-founder and CEO, previously was at software defense company , itself a venture-backed unicorn with ties to national defense.
Palantir raised more than $3 billion鈥攁ccording to 附近上门鈥攆or its data and analytics work that can be used by the military. , which has connections to the , was an investor.
However, more than a year and a half after its IPO, Palantir鈥檚 stock is still hovering around its $10 per share IPO price.
Investors surely are hoping for more from Anduril.
Illustration: .
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