menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Startup News

>

Anduril ra...
source image

Siliconangle

1M

read

285

img
dot

Image Credit: Siliconangle

Anduril raises $2.5B in funding to finance manufacturing initiatives

  • Defense technology startup Anduril Industries Inc. raises $2.5 billion in new funding, with Founders Fund as the lead investor contributing $1 billion.
  • The investment values Anduril at $30.5 billion, double its worth from the previous funding round in August, and will be used to address manufacturing and production challenges.
  • Anduril's plans include building a factory called Arsenal-1, which is projected to cost over $1 billion, create 4,000 jobs, and produce tens of thousands of defense systems yearly using commercial manufacturing equipment.
  • The company aims to expand its manufacturing capacity with a second factory, Arsenal-2, and the new funding will also support product development efforts, including recent products like the subsea sensor called Seabed Sentry.

Read Full Article

like

17 Likes

For uninterrupted reading, download the app