Anduril is said to be raising a new round of funding that may push its valuation up to about $100 billion, per Reuters.

Instead of spending a year raising a formal venture fund, the Sabertooth VC founder used a captive network of LPs to invest in startups like Anthropic, Anduril, and SpaceX.

Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new startups is chasing those government contracts, but according to Ross Fubini, the venture investor who wrote Anduril’s first check, most of them will get lost in the Valley of Death between prototype contract […]

Layup Parts co-founder Zack Eakin has drawn on a motorsports background, and his experience working for Palmer Luckey and Elon Musk, to tackle making faster, cheaper, and better composites.

After achieving $2.2 billion in revenue in 2025, the defense tech startup has raised another massive round, led by Thrive and a16z, it says.

In one year, Shield AI's value has leaped 140%. This after it won a contract to be the software provider to Anduril's Fury fighter jet for the U.S. Air Force.

The Army described this as a single enterprise contract consolidating more than 120 separate "procurement actions."

The Pentagon has officially designated Anthropic a supply-chain risk after the two failed to agree on how much control the military should have over its AI models, including its use in autonomous weapons and mass domestic surveillance. As Anthropic’s $200 million contract fell apart, the DoD turned to OpenAI instead, which accepted and then watched ChatGPT uninstalls surge 295%. As the stakes keep rising, the question remains: how much unrestricted […]

The funding round would come less than a year after Anduril's Series G, which closed in June with $2.5 billion against a $30 billion valuation.