Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Saturday, February 8, 2025
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

Anduril in talks to raise money at $28 billion valuation

February 8, 2025
in News
Reading Time: 3 mins read
A A
Anduril in talks to raise money at  billion valuation
0
SHARES
ShareShareShareShareShare

READ ALSO

Hamas Names 3 Hostages to Be Released in Next Cease-Fire Exchange

Bill Ackman reveals he’s been building a more than $2 billion stake in Uber

Anduril in talks to raise money at  billion valuation

Anduril, the defense-tech startup founded by Palmer Luckey, has signed a term sheet to raise capital at a $28 billion valuation, according to people familiar with the matter.

The company is planning to raise up to $2.5 billion in the round, said the people who asked not to be named because the details are confidential. The latest funding would double Anduril’s valuation from August.

Anduril, the three-time CNBC Disruptor 50 company that ranked No. 2 in 2024, aims to disrupt traditional defense contractors like Lockheed Martin, Raytheon and Northrop Grumman by developing its own products and selling them to clients, in contrast to the traditional military process of contracting and then building.

An Anduril spokesperson declined to comment.

Luckey, who sold virtual reality company Oculus to Facebook for $2 billion in 2014, has been a public supporter of Donald Trump since long before the president’s return to the White House.

“I’ve been on the tech-for-Trump train for longer than just about anyone,” Luckey, who started the company in 2017, told CNBC’s “Closing Bell Overtime” on Nov. 6, right after Trump’s election victory. “The idea that we need to be the strongest military in the world is really non-partisan.”

In December, Anduril announced a partnership with artificial intelligence startup OpenAI, allowing the defense tech company to deploy advanced AI systems for “national security missions.”

It’s part of a broader and controversial trend of AI companies walking back bans on military use of their products and entering into partnerships with defense companies and the U.S. Department of Defense. In December, Anthropic and Palantir announced a partnership with Amazon Web Services to “provide U.S. intelligence and defense agencies access” to Anthropic’s AI models.

While Anduril is still privately held, Palantir, which sells software and services to defense agencies, is publicly traded and has been one of the best performers on the stock market in the past year, jumping 370% over that stretch, lifting its market cap past $250 billion. The company reported in its latest earnings report this week that government revenue jumped 45% from a year earlier to $343 million.

Peter Thiel’s Founders Fund is leading the latest Anduril financing, with a $1 billion commitment, sources said, the largest check ever for the firm. Thiel, who was a major Trump supporter in the 2016 campaign, is one of Palantir’s co-founders. Trae Stephens, a partner at Founders Fund, is an Anduril co-founder.

Anduril’s revenue in 2024 doubled to about $1 billion and annual contract value reached $1.5 billion, the people said.

In 2023, Anduril launched several new drones that rely on its Lattice AI-powered command and control software used by the U.S. military and allies to direct human-assisted robotics systems to perform complex missions. 

WATCH: Anduril co-founder Palmer Luckey talks what a Trump White House means for defense tech

Anduril Co-Founder Palmer Lucky talks what a Trump White House means for defense

Credit: Source link

ShareTweetSendSharePin
Previous Post

Dodgers leaning into ‘Evil Empire’ moniker with Death Star giveaway

Next Post

Trump says he plans reciprocal tariffs, will affect ‘everyone’

Related Posts

Hamas Names 3 Hostages to Be Released in Next Cease-Fire Exchange
News

Hamas Names 3 Hostages to Be Released in Next Cease-Fire Exchange

February 7, 2025
Bill Ackman reveals he’s been building a more than  billion stake in Uber
News

Bill Ackman reveals he’s been building a more than $2 billion stake in Uber

February 7, 2025
Softbank set to invest  billion in OpenAI at 0 billion valuation, sources say
News

Softbank set to invest $40 billion in OpenAI at $260 billion valuation, sources say

February 7, 2025
L’Oreal looks to U.S. ‘land of opportunity’ as China disappoints
News

L’Oreal looks to U.S. ‘land of opportunity’ as China disappoints

February 7, 2025
Look to India, Japan for ‘quality alpha’ amid market uncertainty, investor says
News

Look to India, Japan for ‘quality alpha’ amid market uncertainty, investor says

February 7, 2025
NewJeans changes name to NJZ, announces new song and performance dates
News

NewJeans changes name to NJZ, announces new song and performance dates

February 7, 2025
Next Post
Trump says he plans reciprocal tariffs, will affect ‘everyone’

Trump says he plans reciprocal tariffs, will affect ‘everyone’

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

Best College Football Betting Sites

Best College Football Betting Sites

January 27, 2025
Taylor Swift has two-word reaction to Travis Kelce play in Chiefs win

Taylor Swift has two-word reaction to Travis Kelce play in Chiefs win

January 20, 2025
Trump’s inauguration sends Bitcoin on wild ride

Trump’s inauguration sends Bitcoin on wild ride

January 22, 2025
Musk exploring blockchain use in US government efficiency effort

Musk exploring blockchain use in US government efficiency effort

January 25, 2025
OM System's OM-3 camera marries vintage style with a high-tech stacked sensor

OM System's OM-3 camera marries vintage style with a high-tech stacked sensor

February 6, 2025
Legendary MSG photographer George Kalinsky dead at 88

Legendary MSG photographer George Kalinsky dead at 88

January 18, 2025
Apple, Google remove TikTok from stores as app halts service in U.S.

Apple, Google remove TikTok from stores as app halts service in U.S.

January 19, 2025

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • Tom Thibodeau confident in Knicks’ roster after quiet deadline with Mitchell Robinson return looming
  • The mystery inside Amazon’s record profits: How much are higher seller fees boosting the bottom line?
  • How to watch Super Bowl 2025 for free on Sunday: Chiefs vs. Eagles
  • Trump says he plans reciprocal tariffs, will affect ‘everyone’

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In