Defence tech start-up Anduril doubles valuation to over $60bn
Peter Thiel-backed company raises $5bn as the US administration turns to smaller players for latest military kit
Peter Thiel-backed company raises $5bn as the US administration turns to smaller players for latest military kit

Peter Thiel-backed groups such as Anduril and Palantir are set for paydays worth billions of dollars

US companies are seeking to use their technological expertise to benefit from rising defence spending in the region

London-based group raises $135mn amid surge of interest in defence sector

Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown

Valuations soar as venture capital flows to groups tied to continent’s security and economic sovereignty

Industry executives say key aim is to secure European funding as well as contracts with governments