Source: Bloomberg
Summary
Anduril Industries, a defense technology company, is reportedly considering a new funding round that could value the company at $35 billion. This would come less than a year after its Series G funding round, which closed in June with $2.5 billion against a $30 billion valuation.
Our Reading
The launch follows a familiar script.
Anduril Industries is seeking new funding, because $2.5 billion just isn’t enough. The company’s valuation would increase to $35 billion, because why not? This is the same company that was valued at $30 billion just last June. Anduril’s funding rounds are starting to feel like a never-ending game of valuation leapfrog. Another funding round, another few billion dollars, another “record-breaking” valuation.
Author: Evan Null
