AI-powered defense startup Anduril Industries is in talks for a new funding round that could hike the valuation of the Palmer ...

Defense technology startup Anduril Industries Inc. is in talks to double its valuation to more than $28 billion with a new ...

The Southern California start-up, which builds flying drones and missiles, is set to raise up to $2.5 billion.

Founders Fund, which is leading the deal, is expected to contribute $1 billion to the $2.5 billion funding round.

Anduril has signed a term sheet to raise up to $2.5 billion at a valuation of $28 billion, according to sources close to the ...