Anduril secures $30.5 billion valuation in latest fund raise
June 5 (Reuters) - Defense technology startup Anduril Industries has clinched a valuation of $30.5 billion in its latest funding round where it raised $2.5 billion, the company said on Thursday.
This round more than doubled the Palmer Luckey-founded company's valuation, from $14 billion last year when it raised $1.5 billion.
The development confirms a Reuters report from February, which said Anduril was in talks to raise as much as $2.5 billion, with tech billionaire Peter Thiel's Founders Fund set to lead the round.
Anduril said on Thursday that Founders Fund made a $1 billion investment, while all other investors raised their commitments from previous rounds in the Series G fund raise.
Founders Fund has backed Anduril since its inception in 2017, and one of the company's co-founders, Trae Stephens, is a partner at the firm.
Anduril develops solutions, including a wide range of sensors and drones, and has gained prominence in the industry amid increasing calls for low-cost autonomous defense products.
The company has also recently secured a partnership with Palantir Technologies to form a consortium that will look to jointly bid for government contracts as the Pentagon aims to reduce costs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Geeky Gadgets
an hour ago
- Geeky Gadgets
How to Sell AI Agents and Automations in 2025
What if you could not only survive but thrive in the competitive world of selling AI agents—doubling your profits in just one year? Bold claim? Maybe. But consider this: in 2025, industries like technology, healthcare, and renewable energy are currently exploding with demand for specialized AI agent building skills and expertise. The question is, will your business be ready to capitalize on these opportunities, or will you be left scrambling to keep up? Success in this fast-evolving market isn't about working harder—it's about working smarter. By refining your strategies, embracing innovative tools, and aligning with high-growth sectors, you can position yourself to dominate the agent market like never before. In this step-by-step overview from AI Foundations, you'll uncover the exact strategies to achieve this ambitious goal. From crafting personalized sales pitches that resonate with your target audience to using data analytics tools that predict market trends, this guide will equip you with actionable insights to transform your approach. But that's not all—you'll also learn how to strengthen client relationships, streamline operations, and adapt to shifting consumer behaviors. Each section builds on the last, creating a roadmap for sustainable growth. Ready to rethink what's possible for your business in 2025? Let's explore how to turn potential into profit. Doubling Profits in 2025 Refining Sales Strategies for Maximum Impact To achieve substantial profit growth, it is essential to refine your sales strategies to align with the specific demands of the agent market. Begin by thoroughly understanding your target audience. Segment your market based on key factors such as industry, company size, and geographic location. This segmentation allows you to craft personalized sales pitches that resonate with potential clients and address their unique needs. Adopting consultative selling techniques can further enhance your approach. Instead of focusing solely on selling a product, prioritize solving your clients' challenges. This approach builds trust, demonstrates the value of your offerings, and increases the likelihood of closing deals. Additionally, it fosters long-term relationships, which are critical for sustained profitability. Focusing on High-Growth Sectors Certain industries are expected to experience rapid growth in 2025, presenting lucrative opportunities for selling AI agents. Sectors such as technology, healthcare, and renewable energy are projected to demand specialized sales expertise. By analyzing market trends, you can identify these high-growth areas and allocate your resources strategically. Concentrating your efforts on these sectors ensures that your business focuses on opportunities with the highest potential for returns. This targeted approach prevents resource dilution, allowing you to maximize profitability while staying ahead of competitors. Strategies for Thriving in the Competitive AI Agent Market Watch this video on YouTube. Here are additional guides from our expansive article library that you may find useful on AI Agents. Harnessing the Power of Technology and Data Using technology is essential for optimizing sales performance and driving profit growth. Advanced data analytics tools can provide valuable insights into customer behavior, market trends, and sales patterns. These insights enable you to make informed decisions, such as identifying high-value clients or predicting future demand. Implementing customer relationship management (CRM) systems is another critical step. CRMs streamline sales processes, improve team organization, and enhance client interactions. Additionally, automation tools can handle repetitive tasks, freeing up your team to focus on building relationships and closing deals. By integrating these technologies, you can improve efficiency and gain a competitive edge. Strengthening Client Relationships Building and maintaining strong client relationships is fundamental to achieving sustained profitability. Prioritize excellent customer service and maintain consistent communication to foster trust and loyalty. Regularly check in with clients to address their evolving needs and offer tailored solutions that demonstrate your commitment to their success. Providing value-added services, such as training or ongoing support, can further solidify these relationships. Satisfied clients are more likely to remain loyal and refer your business to others, helping you expand your customer base without incurring significant marketing costs. A client-centric approach ensures long-term growth and stability for your business. Streamlining Operations for Efficiency Operational efficiency plays a pivotal role in improving profitability. Begin by evaluating your current processes to identify inefficiencies or areas of resource wastage. Implementing technology solutions, such as workflow automation or inventory management systems, can reduce overhead costs and enhance productivity. Investing in team training is equally important. A well-trained team ensures that every aspect of your operation contributes to your profitability goals. By streamlining operations and empowering your workforce, you can create a more efficient and effective business model. Adapting to Market Trends and Consumer Behavior The AI agents sales landscape in 2025 will be shaped by evolving market trends and changing consumer preferences. Staying ahead of these changes is crucial for maintaining competitiveness. For example, the growing preference for digital interactions requires your sales team to be proficient in virtual communication tools. Additionally, the increasing emphasis on sustainability among consumers presents an opportunity to differentiate your offerings. Highlighting eco-friendly aspects of your products or services can give you a competitive edge. By aligning your business with these trends, you can meet customer expectations and capitalize on emerging opportunities. Innovating Your Product Offerings Continuous innovation is essential for staying competitive in the dynamic selling agent market. Regularly gather feedback from clients to identify areas for improvement and invest in research and development to stay ahead of industry trends. Innovation not only helps you meet the changing needs of your clients but also sets your business apart from competitors. Offering solutions that deliver exceptional value positions your business as a leader in the market. By consistently enhancing your product offerings, you can attract new clients and retain existing ones, making sure long-term success. Achieving Sustainable Growth Doubling your profits in 2025 requires a comprehensive approach that combines strategic planning, technological integration, and a customer-focused mindset. By refining your sales strategies, targeting high-growth sectors, using data analytics, and strengthening client relationships, you can position your business for success. Streamlining operations, adapting to market trends, and innovating your product offerings will further ensure your competitiveness in an ever-changing landscape. By implementing these strategies, you can unlock your business's full potential and achieve sustainable growth in the years ahead. Media Credit: AI Foundations Filed Under: AI, Guides Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
Daily Mail
an hour ago
- Daily Mail
EXCLUSIVE Donald Trump receives support from huge sporting ally over blistering Elon Musk feud
Donald Trump has received a welcome message of support from one his longstanding friends in the world of sport after his friendship with Elon Musk spectacularly exploded this week. Musk torched his relationship with the president in full view of the world on Thursday afternoon, claiming on X that Trump is named 'in the Epstein files' before saying he should be impeached and that his tariff policy will send the United States into recession.
BBC News
an hour ago
- BBC News
Business Matters Has a phone call led to the end of the tariff war?
The US and China have announced their delegations will meet in London to talk trade on Monday... so has a phone call between President Donald Trump and President Xi Jin Ping signalled an end to the tariff war between the World's biggest two economies? Andrew Peach discusses whether Elon Musk's time at the White House achieved anything for the tech sector that will survive his rift with President Trump. Elsewhere, we are on the road in China with a truck but no driver, and the fashion statement that's set to go up for auction in Paris. Global business news, with live guests and contributions from Asia and the USA.
