Anduril in talks to raise money at $28 billion valuation as defense-tech booms
Anduril has signed a term sheet to raise up to $2.5 billion at a valuation of $28 billion, according to sources close to the company.
The company is planning to raise up to $2.5 billion in the round, said the people who asked not to be named because the details are confidential. The latest funding would double Anduril's valuation from August.
Anduril, the three-time CNBC Disruptor 50 company that ranked No. 2 in 2024, aims to disrupt traditional defense contractors like Lockheed Martin, Raytheon and Northrop Grumman by developing its own products and selling them to clients, in contrast to the traditional military process of contracting and then building.
An Anduril spokesperson declined to comment.
Luckey, who sold virtual reality company Oculus to Facebook for $2 billion in 2014, has been a public supporter of Donald Trump since long before the president's return to the White House.
"I've been on the tech-for-Trump train for longer than just about anyone," Luckey, who started the company in 2017, told CNBC's "Closing Bell Overtime" on Nov. 6, right after Trump's election victory. "The idea that we need to be the strongest military in the world is really non-partisan."