Latest news with #TraeStephens
Yahoo
2 days ago
- Business
- Yahoo
Anduril Industries raises $2.5bn funding, valuation hits $30.5bn
Anduril Industries has closed a $2.5bn funding round, significantly increasing its valuation to $30.5bn. The defence technology company aims to establish itself as a key player in the American national security sector. This funding round was led by Founders Fund, with a $1bn investment, marking the largest check in the venture capital firm's history. As per a filing with the SEC, Founders Fund finalised a $4.6bn late-stage venture fund in April 2025. The company's valuation has surged from $14bn in 2024, according to Anduril executive chairman Trae Stephens in an interview on Bloomberg Television. Anduril, based south of Los Angeles, focuses on technologies such as drones and artificial intelligence to enhance American defence capabilities. Anduril offers a range of products, including weaponised drones, software for drone control, and augmented reality helmets for military use. The importance of defence technology is underscored by recent events, such as the Ukrainian drone strikes on Russian military assets, highlighting the role of technology in modern warfare, reported the media outlet. Anduril co-founder Palmer Luckey, who previously co-founded Oculus VR, emphasised the need for the US to accelerate drone development to remain competitive with China. The company is also working on new infantry goggles for the US Army, a project potentially valued at over $20bn in the next decade. The recent funding follows a $1.5bn funding raise in 2024, aimed at constructing a factory in Columbus, Ohio, called Arsenal-1. This facility will mass-produce aerial and maritime drones, sensors, and other defence products. Additionally, Anduril has announced a partnership with Meta Platforms to develop AI-powered military products, including helmets. "Anduril Industries raises $2.5bn funding, valuation hits $30.5bn" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
2 days ago
- Business
- Yahoo
Anduril Deploys Tech Along Southern Border
Anduril Industries Inc. Executive Chairman Trae Stephens says its technology is being used across the southern border. "We are deployed across somewhere between 1/3 and 1/2 of the entire southwest border at this point." Stephens speaks to Tom Giles at the Bloomberg Tech summit.
Bloomberg
2 days ago
- Business
- Bloomberg
Anduril Deploys Tech Along Southern Border
Anduril Industries Inc. Executive Chairman Trae Stephens says its technology is being used across the southern border. "We are deployed across somewhere between 1/3 and 1/2 of the entire southwest border at this point." Stephens speaks to Tom Giles at the Bloomberg Tech summit. (Source: Bloomberg)
Bloomberg
2 days ago
- Business
- Bloomberg
Anduril Co-Founder Stephens on Innovating in Defense
Trae Stephens, Co-Founder and Executive Chairman of Anduril Industries, discusses national security innovation, AI defense systems, and the future of military tech. Stephens spoke with Bloomberg's Tom Giles at Bloomberg Tech in San Francisco. (Source: Bloomberg)
Yahoo
3 days ago
- Business
- Yahoo
Anduril raises $2.5B at $30.5B valuation led by Founders Fund
Founders Fund has led another, enormous round for defense tech startup Anduril with a $1 billion investment as part of a new $2.5 billion raise, the largest check the firm has ever written. Existing investors also piled in, an Anduril spokesperson tells TechCrunch. Anduril has now doubled its valuation to $30.5 billion with this Series G raise. The spokesperson says the round was over 8x times oversubscribed, meaning many more investors wanted to buy than the amount of stock Anduril was selling. Anduril, which makes autonomous weapons and software to control them, says the new funding was raised after the company doubled its revenue in 2024 to about $1 billion. The company is also enjoying a tailwind from being granted the U.S. Army's enormous contract for developing new AR/VR headsets for soldiers. The contract was originally granted to Microsoft with a total $22 billion budget but was reassigned to Anduril in February. That contract is such a big deal, it even caused Anduril founder Palmer Luckey to publicly forgive his former employer Meta last week as the two companies announced a partnership to create devices for the project. Anduril executive chair and co-founder Trae Stephens, who is also a Founder's Fund partner, disclosed the new funding in an interview on Bloomberg Television. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
