On Thursday Anduril announced it is building its massive weapons factory, Arsenal-1, in Columbus, Ohio, confirming TechCrunch’s earlier reporting. In a blog post, the company said that it will invest close to $1 billion of its own money into the project and that the factory will be five million square feet. The post also claims […]
Anduril to build its billion-dollar weapons megafactory in Ohio Read More »
Defense tech startup Epirus is reportedly raising between $150 million and $200 million in a new funding round led by Joe Lonsdale’s venture firm 8VC, Bloomberg reports. The round could give the company, which develops technology to intercept drones, a valuation of about $1 billion. If that’s the final valuation, it would be a decrease
Defense startup Epirus in talks to raise over $150M, potentially cutting valuation Read More »
Two big defense tech players, Palantir and Anduril, are talking to tech companies including SpaceX, OpenAI, Saronic, and Scale AI about forming a consortium to bid on Pentagon contracts, according to a report in the Financial Times. The goal, the FT says, is to challenge the dominance of “prime” defense contractors like Lockheed Martin, Raytheon,
Palantir and Anduril reportedly building a tech consortium to bid on defense contracts Read More »
Funding to defense tech companies has boomed in 2024 as geopolitical tensions rise, advancements in AI abound, and investors seek out a new growth area amid a broader tech sector slowdown. Archer Aviation wants in on the action. The aviation startup, which is building vertical take-off and landing (VTOL) aircraft, said Thursday that it has
Archer teams up with Anduril and raises $430 million to build defense aircraft Read More »
OpenAI plans to team up with Anduril, the defense startup, to supply its AI tech to systems the U.S. military uses to counter drone attacks. The Wall Street Journal reports that Anduril will incorporate OpenAI tech into software that assesses and tracks unmanned aircraft. Anduril tells the publication that OpenAI’s models could improve the accuracy
OpenAI inks deal to upgrade Anduril’s anti-drone tech Read More »
Beyond patriotism, there’s another huge reason to join a defense startup: it pays really, really well. Thanks to The Federal Funding Accountability and Transparency Act (FFATA), we can see the total compensation that defense tech startup Anduril, valued at $14 billion valuation, pays its top employees. The act requires the company to report the top
Beyond patriotism, there’s another huge reason to join a defense startup: it pays really, really well. Thanks to The Federal Funding Accountability and Transparency Act (FFATA), we can see the total compensation that defense tech startup Anduril, valued at $14 billion valuation, pays its top employees. The act requires the company to report the top
Defense tech funding just reached a new high. Defense tech startups have raised almost $3 billion so far in 2024, according to Crunchbase. This surpassed the previous record from 2022 of $2.6 billion. It’s an impressive feat, especially considering the number of deals has shrunk: in 2022, there were 113 defense tech rounds, outpacing 2024’s
Led by Anduril, defense tech funding sets a new record this year Read More »
Vatn Systems founders Nelson and Freddie Mills spent their childhood cruising over turquoise waters, doing their homework on a sailboat off the coast of Caribbean islands. While their surroundings were idyllic, their vessel of choice was decidedly not. “The first boat I remember, I think our parents bought it for like five, ten grand,” Freddie
Welcome back to Week in Review. This week, we’re unpacking the latest layoffs at Mozilla, Perplexity offering to cross a picket line, and Apple warning investors that it might never top the iPhone. Let’s get into it. The Mozilla Foundation laid off 30% of its employees in the second round of layoffs for the Firefox
Mozilla lays off 30% of its nonprofit arm Read More »
