Anduril Industries is raising about $4 billion in a new financing round co-led by Thrive Capital and Andreessen Horowitz. This funding nearly doubles its valuation to $60 billion and represents one of the largest private defense tech fundraising efforts to date. Existing investors including Lux Capital and Founders Fund are also expected to participate in this round.

Summary of transaction details:

• Deal Type: Investment
• Transaction Amount: $4,000,000,000
• Company Valuation: $60,000,000,000
• Headquarters: Costa Mesa, California
• Founder: Palmer Luckey
• Notable Investors: Thrive Capital, Andreessen Horowitz, Lux Capital, Founders Fund, & 8VC

Founded in 2017 by Palmer Luckey, Anduril Industries develops autonomous defense systems and has shown strong revenue growth. The company intends to use the new capital to expand manufacturing and enhance its autonomous weapons and AI-powered technologies while considering a potential public listing in the future.