anduril

Defense startup Epirus in talks to raise over $150M, potentially cutting valuation 

Venture /

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 […]

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Palantir and Anduril reportedly building a tech consortium to bid on defense contracts

AI /

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,

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Archer teams up with Anduril and raises $430 million to build defense aircraft

Transportation /

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

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OpenAI inks deal to upgrade Anduril’s anti-drone tech

AI /

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

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From $19M to $1.5M, here’s how much Anduril pays top execs like Palmer Luckey in cash and stock

Startups /

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

From $19M to $1.5M, here’s how much Anduril pays top execs like Palmer Luckey in cash and stock Read More »

From $19M to $1.5M, here’s how much Anduril pays top execs like Palmer Luckey in cash and stock

Startups /

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

From $19M to $1.5M, here’s how much Anduril pays top execs like Palmer Luckey in cash and stock Read More »

Led by Anduril, defense tech funding sets a new record this year

Venture /

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 »

How two brothers went from growing up on a sailboat to making underwater military vehicles 

Fundraising /

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

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Anduril is considering Arizona, Ohio, or Texas for its massive manufacturing facility, source says

Hardware /

Anduril, the defense tech company co-founded by Palmer Luckey, is considering building its first major manufacturing plant, a 5-million-square-foot facility known as “Arsenal-1,” in Arizona, Ohio or Texas, according to someone familiar with the matter.  The company, which is developing autonomous drones, planes, and submarines, had announced $1.5 billion at a $14 billion post-money valuation

Anduril is considering Arizona, Ohio, or Texas for its massive manufacturing facility, source says Read More »