Anduril Industries, a defence tech firm co-founded by Palmer Luckey, has now secured $2.5 billion in new venture capital. This investment brings the company’s valuation to $30.5 billion, more than twice its valuation of approximately $13 billion recorded in August of the previous year.

Anduril Industries has closed a $2.5bn funding round, significantly increasing its valuation to $30.5bn. The defence technology company aims to establish itself as a key player in the American national security sector.

Defense tech startup Anduril raised $2.5 billion in a round that included a $1 billion investment from lead backer Founders Fund.