Anduril in talks to raise up to $2.5B at $28B valuation
![Palmer Luckey, founder of Oculus and Anduril Industries, speaks during The Wall Street Journal's WSJ Tech Live conference in Laguna Beach, California on October 16, 2023. (Photo by PATRICK T. FALLON/AFP via Getty Images)](https://jtimes.net/wp-content/uploads/2025/02/GettyImages-1728513578-e-780x470.jpg)
Just six months after defense tech Anduril raised a massive $1.5 billion round that valued the company at $14 billion, it’s in talks to raise another $2.5 billion, at a valuation of up to $28 billion, sources told CNBC.
The deal would, not surprisingly, be led by Founders Fund, which is reportedly writing a $1 billion check that represents its largest check ever. While Anduril founder Palmer Luckey is the face of the company, it names five men as co-founders, among them Founders Fund partner Trae Stephens. Founders Fund has been an investor in Anduril from the start, leading its seed round in 2017. It also co-led Anduril’s 2024 financing.
That previous round was to help pay for Anduril’s billion-dollar weapons megafactory it is building in Ohio. Sources also told CNBC that the company’s 2024 revenue doubled to $1 billion. Anduril declined further comment.