They are Palmer Luckey, Trae Stephens, Brian Schimpf, Matt Grimm, and Joseph Chen. WASHINGTON Anduril Industries said Friday it received a $1.48 billion funding boost, raising the value of the defense technology company to $8.48 billion. Were in the midst of an increasingly intense rivalry with authoritarian states, competition thats going to have significant consequences to our way of life, the values that we hold dear and the rules-based international order, Kausner said. Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. "In the same way that the Soviets gave away boxes of AK-47s to other countries to get in bed with them, China is giving countries in Africa and Asia access to artificial intelligence technology that allows them to build totalitarian police states, Luckey said. This classification is reserved for businesses that have a valuation of $1 billion or more. By registering, you agree to Forges Terms of Use. This is the sort of problem that's hard but solvable using ML that exists today. By late 2018, Sanders was demoing Anduril's hardware and software surveillance system for Marines at Camp Pendleton. Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data. The Costa Mesa, California-based startup locked up a Series E worth nearly $1.5 billion that values the company at $8.5 billion. Documents Reveal Anduril's Plans For Virtual Wall Along US-Mexico Border In that position, Kausner will be in charge of reaching out to the governments of U.S. allies and partners to identify their challenges and offer Andurils software, engineering, artificial intelligence, robotics, networking, sensors and other technologies to fill capability gaps. Anduril Expands to Australia are all bloated dinosaurs that can't attract talent. 'Never sleeps, never even blinks': the hi-tech Anduril towers spreading government.". The stakes are high and Anduril has risen to the occasion. Anduril, a defense technology startup set up by Oculus founder Palmer Luckey, has raised $1.48 billion in Series E funding led by Valor Equity Partners at an $8.48 billion valuation. Wholesalers. 10 Best Upcoming IPOs to Watch in 2023 | Investing | U.S. News National defense is one of the top priorities of the firm. Is America postured for a fight in the Indo-Pacific? Employees at several major companies, including Amazon, Microsoft and Google, have privately and publicly protested the militarization of the technology theyre building. Will German purchase of Boeing Chinooks relieve pressure on US Army? It has been criticized for possibly enabling the enforcement of border security policies and government surveillance. Anduril is backed by several notable ones, including Founders Fund, created by the PayPal co-founder Peter Thiel; Andreessen Horowitz; and General Catalyst. Anduril chances of IPO - Blind Facebook Made This 29-Year-Old Rich; War Made Him A Billionaire - Forbes