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Anduril eyes $2.5 billion funding round at $28 billion valuation - reports

Anduril Industries, a defense technology company founded by Palmer Luckey, is reportedly in discussions to raise approximately $2.5 billion in a new funding round, which would value the company at around $28 billion. This potential investment comes as Anduril aims to expand its capabilities in autonomous systems, counter-drone technology, and artificial intelligence for national security applications. The company has already secured significant contracts with the U.S. Department of Defense and other government entities, highlighting its growing role in modernizing military technology. The funding round, if completed, would mark a substantial increase from its previous valuation of $8.5 billion in 2022, reflecting strong investor confidence in Anduril's strategic direction and market potential.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/topstocks/anduril-eyes-2-5-billion-funding-round-at-28-billion-valuation-reports/ar-AA1yCMPX ]