By Krystal Hu, Anna Tong and Kenrick Cai (Reuters) -AI-powered defense startup Anduril Industries is in talks for a new funding round that could hike the valuation of the Palmer Luckey-founded company to $28 billion,

Defense tech startup Anduril Industries is reportedly in talks for a fresh funding round, potentially pushing its valuation to 28 billion dollars. Sources indicate that Founders Fund, led by billionaire Peter Thiel,

Defense technology startup Anduril Industries Inc. is in talks to double its valuation to more than $28 billion with a new funding round that would raise $2.5 billion, according to a person familiar with the matter.

Anduril has signed a term sheet to raise up to $2.5 billion at a valuation of $28 billion, according to sources close to the company.