Anduril Industries, a defence technology start-up, has raised $1.5bn in a fundraising round led by Founders Fund, the venture capital firm founded by Peter Thiel, and Sands Capital, which values the California-based start-up at $14bn.
Anduril will use the proceeds to accelerate the production of autonomous weapons for the US military and its allies, as investment in the sector surges in response to the ongoing conflict in Ukraine.
Other participants in the round included Fidelity Management, Baillie Gifford and Franklin Venture Partners, the venture capital arm of Franklin Templeton.
