Category: Defense
Anduril Funding Valuation Soars: $1.5 Billion Boost Elevates Company to $14 Billion Worth!
- Anduril funding valuation reached $14bn after securing $1.5bn in a Series F funding round, co-led by Founders Fund and Sands Capital.
- New investors included Fidelity Management & Research Company, Counterpoint Global, and Baillie Gifford, alongside existing investors like Altimeter and Franklin Venture Partners.
- The capital raised will be used to scale operations, enhance hiring, improve processes, and expand infrastructure within the modern warfare technology sector.
Defense Innovation Unit Set to Receive Significant Boost in Funding in New Spending Bill
- Defense Innovation Unit (DIU) would receive a significant funding increase in the fiscal 2024 defense spending bill, with its funding growing to $983 million from $191 million the previous year.
- Congress is proposing a nearly $800 million boost to DIU’s funding, recognizing its central role in the Pentagon’s innovation ecosystem.
- DIU, created in 2015 to bring commercial technology into the Pentagon, has evolved to lead efforts in rapidly fielding technology for national security.