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Business/Financial

Anduril Gets $1.5 Billion Shot In The Arm To Accelerate R&D

By Cal Biesecker

Friday, December 2nd, 2022

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Anduril Gets $1.5 Billion Shot In The Arm To Accelerate R&D

Image depicting the Extra Large Autonomous Undersea Vehicle (XL-AUV) Anduril Industries and Australia are developing for the Royal Australian Navy (Image: Anduril)

Anduril Industries last Friday said it raised $1.5 billion in a new funding round that will be used to accelerate its research and development into new defense and security technologies and allow it to continue scaling the business to meet the needs of the Defense Department and U.S. allies and partners. The Series E funding round values the defense technology company at nearly $8.5 billion, nearly double the valuation in June 2021. The company had 700 employees at the start…

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