By Mike Stone and Pritam Biswas<\/p>\n
March 3 (Reuters) – Anduril Industries is seeking to raise about $4 billion from venture capital firms Thrive Capital and Andreessen \u200cHorowitz, a person familiar with the matter told Reuters on Tuesday.<\/p>\n
The financing \u200cwill see the startup’s valuation almost double, the source said, asking not to be named since \u200bthe deliberations were not public. Anduril was valued at $30.5 billion in a funding round in June last year.<\/p>\n
Thrive Capital declined to comment when contacted by Reuters, while a16z and Anduril did not immediately respond.<\/p>\n
The availability of abundant private capital has enabled companies to \u200craise larger funding rounds and \u2060remain private for longer, helping them avoid the current volatility in public markets.<\/p>\n
Anduril develops solutions, including a wide range of sensors and \u2060drones, and has gained prominence amid increasing calls for low-cost autonomous defense products.<\/p>\n
The company, founded in 2017, takes its name from the legendary sword wielded by Aragorn in J.R.R. \u200bTolkein’s “The Lord \u200bof the Rings.”<\/p>\n
DRONES RESHAPING MODERN WARFARE<\/p>\n
The company \u200bhas become one of Silicon Valley’s \u200chottest defense bets as drones reshape warfare in Ukraine and the Middle East, and U.S. President Donald Trump pushes the Pentagon to adopt cutting-edge technologies to counter China.<\/p>\n
Anduril has described its Altius drone, which can be used for surveillance and to carry munitions, as battle-ready and says it has supplied hundreds of the systems to \u200cUkraine since Russia launched its full-scale invasion in \u200b2022.<\/p>\n
The defense startup’s founder Palmer Luckey said in \u200bMarch 2025 that Altius drones have “taken \u200bout hundreds of millions of dollars worth of Russian targets.”<\/p>\n
The company \u200csays the Altius can be deployed \u200bfrom land, air or \u200bsea and, depending on the variant, can provide long-range strike capabilities or remain airborne for several hours.<\/p>\n
However, the California-based company faced setbacks from drone crashes, \u200baccording to an Air \u200cForce summary. Its Ghost drone system also struggled with Russian electronic warfare \u200bin Ukraine.<\/p>\n
Anduril had said failures identified by Reuters were “isolated examples.”<\/p>\n
(Reporting by Pritam \u200bBiswas in Bengaluru; Editing by Alan Barona)<\/p>\n","protected":false},"excerpt":{"rendered":"By Mike Stone and Pritam Biswas March 3 (Reuters) – Anduril Industries is seeking to raise about $4…\n","protected":false},"author":2,"featured_media":513176,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[4205,203521,45,49,48,183984,29661],"class_list":["post-513175","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-andreessen-horowitz","tag-anduril-industries","tag-business","tag-ca","tag-canada","tag-thrive-capital","tag-venture-capital-firms"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/513175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=513175"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/513175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/513176"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=513175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=513175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=513175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}