Anduril raises $5bn at $61bn valuation, doubling in eleven months
Thrive Capital and Andreessen Horowitz led the round on the back of $2bn+ in 2025 revenue and a $20bn Pentagon enterprise agreement signed in March. Anduril Industries has raised $5 billion in a round led by Thrive Capital and Andreessen Horowitz, doubling its valuation to $61 billion eleven months after its previous mark. The Costa […]<br /> This story continues at The Next Web [...]
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Microsoft wants to hand off much of its Army HoloLens program to Palmer Luckey’s Anduril
Microsoft’s six-year-old program to make HoloLens headsets for the US Army could be getting some extra help. If the Department of Defense approves the deal, the company will expand its existing part [...]
OpenAI awarded $200 million US defense contract for the use of its AI models
OpenAI has just launched an initiative called OpenAI For Government starting with a modest new contract. The company was awarded $200 million by the US Department of Defense (DoD) to develop "pro [...]
Anduril will lead the Army’s mixed-reality headset project with Meta as a technology partner
The US Army has awarded contracts to Anduril, Meta, and Rivet Industries to develop new mixed-reality headsets for soldiers.<br /> The article Anduril will lead the Army’s mixed-reality headse [...]
Cambridge Aerospace is in talks to raise $300M at a $3.5bn valuation, almost nine times its worth a year ago
Cambridge Aerospace, a British defence-technology startup building systems to shoot down drones and cruise missiles, is in talks to raise around $300M at a valuation of about $3.5bn, according to a Bl [...]
Baseten is raising $1.5bn at up to $13bn, betting AI’s profits lie in cheap inference
Baseten is finalising a $1.5bn funding round that values the company at up to $13bn. The structure is almost as notable as the size. The round is dual-tiered, with some investors buying in at an $11bn [...]
Palmer Luckey's ModRetro Chromatic portable console is now a thing you can actually buy
There's a new (ish) retro console on the block. The ModRetro Chromatic had a soft launch last year but is now "permanently in stock" for consumers. This is another machine that runs Gam [...]
Bang & Olufsen's new earbuds with ‘replaceable batteries’ don’t seem to be very repairable
Bang & Olufsen announced its new $499 premium earbuds, the Beoplay Eleven, back in November, touting among other things their replaceable batteries “for sustainability” and alignment with the [...]