(Reuters) – Anduril Industries is in talks for a new funding round that could raise the valuation of the Palmer Luckey-founded defense technology startup to $28 billion, sources said on Friday.
Tech billionaire Peter Thiel’s Founders Fund is set to lead the round, which could be as much as $2.5 billion, according to the sources.
Founders Fund declined to comment. CNBC reported on the funding earlier.
Anduril, founded in 2017, develops autonomous solutions across a wide variety of sensors, including drones.
In 2023, the startup launched its Lattice for Mission Autonomy, an AI-enabled software to collaborate teams of autonomous systems during missions under human supervision.
Luckey is credited for founding virtual reality company Oculus VR, which was later acquired by Facebook in 2014 for $2.3 billion.
(Reporting by Nathan Gomes in Bengaluru, Mike Stone in Washington and Krystal Hu in New York; Editing by Shounak Dasgupta)
