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Defense tech is flooded with money, but who’s built to last?

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Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new startups is chasing those government contracts, but according to Ross Fubini, the venture investor who wrote Anduril’s first check, most of them will get lost in the Valley of Death between prototype contract […]

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Mach Industries just spent $50M to solve a major defense tech problem

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Mach says the acquisition meaningfully improves unit economics across its five vehicle programs at exactly the moment the company is starting to scale.

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Anduril raises $5B, doubles valuation to $61B

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After achieving $2.2 billion in revenue in 2025, the defense tech startup has raised another massive round, led by Thrive and a16z, it says.

Anduril raises $5B, doubles valuation to $61B Read More »

Defense startup Shield AI lands $12.7B valuation, up 140%, after U.S. Air Force deal

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In one year, Shield AI’s value has leaped 140%. This after it won a contract to be the software provider to Anduril’s Fury fighter jet for the U.S. Air Force.

Defense startup Shield AI lands $12.7B valuation, up 140%, after U.S. Air Force deal Read More »

US Army announces contract with Anduril worth up to $20B

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The Army described this as a single enterprise contract consolidating more than 120 separate “procurement actions.”

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Anduril snaps up space surveillance firm ExoAnalytic Solutions

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The deal could give Anduril a better shot at lucrative missile defense contracts through the “Golden Dome” system.

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Anthropic’s Pentagon deal is a cautionary tale for startups chasing federal contracts

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The Pentagon has officially designated Anthropic a supply-chain risk after the two failed to agree on how much control the military should have over its AI models, including its use in autonomous weapons and mass domestic surveillance. As Anthropic’s $200 million contract fell apart, the DoD turned to OpenAI instead, which accepted and then watched ChatGPT uninstalls surge 295%. As the stakes keep rising, the question remains: how much unrestricted […]

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Anduril aims at $60 billion valuation in new funding round

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The funding round would come less than a year after Anduril’s Series G, which closed in June with $2.5 billion against a $30 billion valuation.

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Uber is literally in the driver’s seat when it comes to AV bets

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Self-driving truck startup Waabi’s billion-dollar fundraise isn’t just about trucks. The deal, for $750 million up front plus another $250 million from Uber tied to deployment milestones, marks a major expansion into robotaxis for the company founded by former Uber AI chief Raquel Urtasun. It also feels like another chip from Uber on the autonomous vehicle roulette table. With more […]

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Anduril has invented a wild new drone flying contest where jobs are the prize

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This is a race series for software programmers and the brainchild of founder Palmer Luckey, he tells TechCrunch.

Anduril has invented a wild new drone flying contest where jobs are the prize Read More »