Anduril raises $1.5B at a $14B valuation

Quick Summary:

Anduril’s new funding round was co-led by Founders Fund, which led Anduril’s seed round in August 217 and its Series A, and Sands Capital, which has participated in multiple IPOs since Visa’s public offering in 2008.

Anduril is also betting that it can have an edge in contracts simply by moving faster than its competitors: bringing a Silicon Valley mentality to defense production, which moves notoriously slowly.

The seven-year-old company’s success with the government and private investors has helped spur a boom of interest in defense tech, a sector that had been previously thought of as nearly un-investable due to the long timelines in government contracting.

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Article Details

Author / Journalist: Aria Alamalhodaei

Category: StartupsBusiness

Markets: United StatesIndiaIrelandSingapore

Topics: Help Startup Year Being Defense Anduril’s Company Million Billion Lockheed Anduril

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 04:01:00 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1313 words

Reading Time: 8 minutes read

Sentences: 59 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21976682

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