Oculus founder has new border surveillance startup

Palmer Luckey, a founder of Facebook-owned VR company Oculus, has stealth a new company working on surveillance technology that could be deployed on country borders and military bases, according to a report from the New York Times. Peter Thiel and his VC fund, Founders Fund, are said to be planning to fund the venture.

"We need a new kind of defense company, one that will save taxpayer dollars while creating superior technology to keep our troops and citizens safer," said Luckey in an email to the Times. Luckey has reportedly discussed border technology with Trump advisor Stephen Bannon and recently met with the secretary of interior.

Why it matters: Luckey and Thiel are part of the small part of Silicon Valley that backs President Trump, and the only two who have been public about it, investor Marc Andreessen recently told Axios's Dan Primack. Thiel made headlines last year when he donated to Trump's campaign and spoke at the Republican National convention, while Luckey's support for anti-Hillary Clinton organization was made public last year and reportedly led to his eventual departure from Facebook.