Defense tech startup Anduril has raised $2.5 billion in a Series G funding round that nearly doubled its valuation to $30.5 billion

Anduril Industries, a defence tech firm co-founded by Palmer Luckey, has now secured $2.5 billion in new venture capital. This investment brings the company’s valuation to $30.5 billion, more than twice its valuation of approximately $13 billion recorded in August of the previous year.

Anduril Industries Inc. has closed a new funding round of $2.5 billion, a deal that more than doubles the defense startup’s valuation to $30.5 billion, Executive Chairman Trae Stephens said in an interview on Bloomberg Television.