Thiel-Backed Defense Startup Gets Funding at $14 Billion Value

June 25, 2024, 2:15 AM UTC

Anduril, a US defense startup backed by Peter Thiel, has secured $1.5 billion of new capital at a post-investment valuation of about $14 billion, the Information reported, citing people involved in the deal.

Thiel’s Founders Fund and new investor Sands Capital co-led the latest financing in the seven-year-old firm, which makes drones and autonomous weapons systems. Founders Fund contributed about $400 million toward that deal, an unusually large one for a non-AI US startup, the Information added.

Anduril, founded in 2017 by Oculus headset-creator Palmer Luckey with financing from Thiel’s Palantir Technologies Inc., is one of several ...

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