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Dive Brief:
Defense startup Anduril Industries raised $5 billion in a series H funding, bringing the company’s value to $61 billion, CEO Brian Schimpf announced Wednesday.
The funding allows the company to continue “investing aggressively in manufacturing capacity, research and development, and the infrastructure required to build and field advanced defense systems at scale,” Schimpf stated in the press release.
The series H funding was led by venture capital firms Thrive Capital and Andreessen Horowitz. Thrive Capital was founded in 2009 by Josh Kushner, brother of President Donald Trump’s son-in-law, Jared Kushner.
