Anduril in Talks for Over $28 Billion Valuation in New Funding

Defense technology startup Anduril Industries Inc. is in talks to double its valuation to more than $28 billion with a new funding round that would raise $2.5 billion, according to a person familiar with the matter.

The new valuation represents a surge in fortunes for the weapons maker, which raised $1.5 billion just a few months earlier.

Founders Fund, a venture firm backed by billionaire Peter Thiel, is set to lead the deal, said the person, asking not to be identified discussing private information. CNBC previously reported news of the deal.

Representatives for Anduril and Founders Fund did ...