A rendering of Anduril's new manufacturing hub, Arsenal-1. A grey futuristic building with solar panels on top is surrounded by grass.
A rendering of Arsenal-1, the factory planned by Palmer Luckey's Anduril.
  • The defense startup Anduril raised $1.5 billion in a round led by Founders Fund and Sands Capital.
  • It said it planned to use the investment to "rebuild the arsenal of democracy."
  • Anduril is planning a 5 million-square-foot factory to "hyperscale" defense manufacturing.

Anduril, the defense-tech startup founded by Palmer Luckey, raised $1.5 billion in its latest funding round as it strives to transform the defense landscape.

The Series F round, led by Founders Fund — Peter Thiel's venture-capital firm — and Sands Capital, valued the company at $14 billion, up from $8.5 billion last year.