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US Defense Firm Anduril Set to Double Its Valuation with $4 Billion ...
Anduril plans to use the $4 billion funding for mass production of drones and AI projects, with revenue expected to double to $2 billion, driven by U.S. defense contracts.
- On March 3, 2026, Anduril is pursuing a funding round led by Thrive Capital and Andreessen Horowitz seeking about $4 billion, valuing the defense‑tech startup at about $60 billion.
- Founder Palmer Luckey says Anduril aims to modernize the military with AI and advanced manufacturing, raising capital to fund projects including an Ohio facility to mass‑produce aerial and maritime drones, with revenue on track to double to about $2 billion last year due to US and allied defense contracts.
- Less than a year after its $2.5 billion Series G at a $30 billion valuation, Anduril is again courting big capital after Bloomberg reported last month the round could reach $8 billion.
- Investor participation includes several prominent venture firms, though a Thrive Capital spokesperson declined to comment and representatives for Andreessen and Anduril didn't immediately respond.
- The Pentagon's dispute with Anthropic has increased political frictions, with Palmer Luckey publicly supporting the government's stance amid no evidence Anduril's systems were used in Iran war drone deployments.
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Anduril’s $4B funding round would nearly double Costa Mesa defense firm’s value
By Ed Ludlow | Bloomberg Josh Kushner’s Thrive Capital and venture firm Andreessen Horowitz are co-leading a fundraising round for Anduril Industries that could nearly double Costa Mesa-based defense tech startup’s valuation. Anduril is seeking to raise about $4 billion, with both firms jointly leading the round, said Bloomberg sources who asked not to be identified discussing private information. The fundraising is expected to value the startup…
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Total News Sources12
Leaning Left1Leaning Right3Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
C 60%
R 30%
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