AI startup Anduril has closed a large $1.5 billion funding round
Defense development company Anduril closed a $1.5 billion round in a Series E funding round, raising the company's valuation to $8.5 billion.
The round was one of the largest of the year. In April, Epic Games , raised $2 billion, and then in June, SpaceX raised nearly $1.7 billion.
The company was backed by Valor Equity Partners with participation from Founders Fund , Andreessen Horowitz , General Catalyst , 8VC. , Lux Capital , Thrive Capital , DFJ Growth , Elad Gil , Lachy Groom , Human Capital , Marlinspike , WCM Investment Management , MVP Ventures , Lightspeed Venture and US Innovative Technology Fund.
Anduril builds software and hardware with artificial intelligence and machine learning for the military and defense industries. The company works on drones, underwater vehicles and various control and monitoring systems.
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