Back at the table

Anduril seeks a new round of investment

Fresh on the heels of several strategic acquisitions, and less than a year after raising $1.5 billion, Anduril is back looking for another infusion of cash.

Bloomberg reports that Anduril Industries is looking to raise $400-500 million—potentially in the form of convertible notes. This new raise seeks a $10 billion valuation, up marginally from the $8.5 billion that investors valued the company last year in their Series E raise.