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.

Defense tech startup Anduril raised $2.5 billion in a round that included a $1 billion investment from lead backer Founders Fund.

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