4 hours ago - Business

Anduril raising $4 billion at a $60 billion valuation

Anduril, the defense tech giant led by Palmer Luckey, is raising around $4 billion at a $60 billion valuation led by a16z and Thrive Capital, Axios has learned from multiple sources.

Why it matters: This comes just days after Luckey criticized Anthropic's asks of the Pentagon, and amidst a new war in which the U.S. military is using autonomous systems.

That said, the investment round negotiations predated either one.

Zoom in: WSJ first reported on the round, albeit without the amount being raised, and said that insiders Founders Fund and Lux Capital are participating.

What we're watching: If and when the Arsenal-1 weapons megafactory lines go hot. They said it could be as soon as July, and it feels like a make-or-break investment/moment."

By the numbers: Anduril previously raised over $6 billion, including a $2.5 billion round last summer at a $30.5 billion post-money valuation.

Go deeper on Anduril, via the NY Times: "Luckey pioneered a vision of warfare — even when it was unpopular to do so — that defense officials found compelling. That vision boils down to one thing: autonomy."

Add Axios on Google

Anduril raising $4 billion at a $60 billion valuation

What to read next