Anduril Raises $1.5 Billion in Series F, Valuation Reaches $14 Billion

Aug 8, 2024, 04:11 AM

Defense technology startup Anduril Industries has successfully raised $1.5 billion in a Series F funding round, bringing its valuation to $14 billion. The round was co-led by Founders Fund and Sands Capital. This significant capital infusion will be used to develop a new manufacturing facility, which is planned to be the size of 87 football fields, to produce AI-powered weapons. The company's valuation has increased from approximately $8.5 billion after a similar funding round in December 2022.