|

Information

    Homepage   >     Industry    >     Main body

    Anduril, Palmer Luckey's new defense startup, valued over $1 billion

    Abstract:Anduril reportedly also has backing from Peter Thiel's Founders Fund but has yet to disclose details of its funding.

      Oculus founder Palmer Luckey has received funding for his new startup, Anduril, that values the company at $1 billion, according to a CNBC report Wednesday.

      The company, which makes technology for a virtual border wall, reportedly received backing from Andreessen Horowitz, one of the most noteworthy venture capital firms in Silicon Valley.

      Andreessen Horowitz also backed Oculus before it was acquired by Facebook for $2 billion in 2014.

      Palmer started Anduril after leaving Facebook in 2017 amid reports of his controversial political donations and support of far-right groups.

      Visit Business Insider's homepage for more stories.

      Palmer Luckey is back with another billion-dollar business.

      The controversial Oculus founder has reportedly received funding that valued his new defense technology startup, Anduril, above $1 billion, according to a CNBC report Wednesday.

      The company, which makes technology to deploy and monitor a “virtual border wall,” reportedly received backing from Andreessen Horowitz, one of the most noteworthy venture capital firms in Silicon Valley. This comes following reports that Peter Thiel, founder of data mining startup Palantir, also invested an undisclosed amount in Anduril through his venture firm Founders Fund.

      Representatives for Andreessen Horowitz and Anduril did not respond to Business Insider's request for comment.

      Read More: Competition to win deals among Silicon Valley VCs is so intense that one investor made a personalized comic book of Oculus founder Palmer Luckey to woo him

      Andreessen Horowitz also invested in Luckey's last startup, VR gaming company Oculus, before it was purchased by Facebook for $2 billion in 2014. Luckey ran Oculus within Facebook after the acquisition, but left the company in 2017 amid reports of his involvement with far-right political groups.

      Anduril is targeting the lucrative but controversial market for government defense contracts, similar to Thiel's Palantir. In the past months, tech giants like Microsoft, Amazon, and Google have all shied away from pursuing deals with the government after employee pressure against the tactics employed by the Trump Administration.

    Australia Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    Australia Dollar
    Convertible Amount
    -- United States Dollar
    Risk Warning

    The data of WikiFX all comes from official data of various forex regulatory institution such as FCA,ASIC,etc. These data are all purpose of being fair、objective and realistic,which doesn't ask for any public relations fees, advertising fees, ranking fees, data removing fees and other gray fees.WikiFX will do its best to maintain the consistency and synchronicity of its data with that of authoritative data sources with regulatory authorities, but will not undertake to keep it consistent and synchronized in real time.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Notice: Information provided by WikiFX is only for reference and does not indicate any investment advice. Investors should choose brokers by themselves. The risk involved with brokers is not relevant with WikiFX. Investors shall bear the relevant consequences and responsibilities on his own.

    ×

    Select Country/District