Anduril Industries plans a new round of financing that would value the defense technology startup at approximately $4 billion to $5 billion, The Information reported Monday. The Irvine, California-based startup is likely to use the proceeds to further expand development work on drones and other military equipment. The publication cited sources that say the new round is expected to raise funds higher than $200 million and be led by existing investors.
Read more about how Anduril Industries is planning a new round of funding for its expansion plans on Executive Biz.
For more see : Anduril Industries, Inc.