Anduril is consulting to raise funds at a $28 billion valuation

Anduril, a defense technology startup founded by Palmer Luckey, has signed a terminology sheet to raise capital at a $28 billion valuation, according to those familiar with the issue.

The company plans to raise up to $2.5 billion in the round, people who asked not to name it because details are confidential. The latest funding is twice as high as Andrill evaluation Starting in August.

Andrill, 3 times CNBC Disruptor 50 Ranked companies 2nd place in 2024aims to disrupt contractors like traditional defense contractors. Lockheed MartinRaytheon and Northrop Grumman By developing your own products and selling them to clients, by contracting and then building, as opposed to traditional military contract processes.

A spokesman for Andrill declined to comment.

Luckey, who sold Virtual Reality Company Oculus to Facebook in 2014, Donald Trump Long before the president returned to the White House.

Lucky, who founded the company in 2017, told CNBC’s “Closing Bell Overtime” on November 6th, shortly after Trump’s election victory. “The idea that we need to be the most powerful military in the world is not really partisan.”

In December, Andrill announced a Partnership with artificial intelligence startup Openaienabling defense technology companies to deploy advanced AI systems for “national security missions.”

This is part of a more widespread and controversial trend towards AI companies banning military use of products and entering into partnerships with defense companies and the US Department of Defense. December, with humanity Palantir Announced a partnership with Amazon A web service that “provides access to American intelligence and defense agencies” to human AI models.

Anduril is still private, but Palantir, which sells software and services to defense agencies, has been made public. One of the best performances The stock market over the past year has increased its stretch by 370% and increased its market capitalization by more than $250 billion. company It has been reported In this week’s latest revenue report, government revenues rose 45% from the previous year to $343 million.

The Peter Thiel’s Founders Fund is heading the latest Anduril Financing with a $1 billion commitment, sources say that this is the company’s biggest check. Thiel, who was a leading supporter of Trump in the 2016 campaign, is one of the co-founders of Palantir. Founders Fund partner Trae Stephens is the co-founder of Anduril.

People said Andrill’s revenues reached around $1 billion in 2024, with annual contracts reaching $1.5 billion.

2023, Andrill I’ve launched some new drones It relies on command and control software equipped with lattice AI used by the US military and allies to direct human-assisted robotic systems to carry out complex missions.

clock: Andrill co-founder Palmer Lucky talks about what the Trump White House means for defense technology