A defense company that got its name from a sword in the “Lord of the Rings” is coming to Atlanta.
The AI-powered defense company founded by tech iconoclast Palmer Luckey has landed a $450 million round of investment that values the startup at $4.6 billion just four years in. In April, reports suggested that the company was on the hunt for fresh investment and headed for a valuation between four and five billion, up from $1.9 billion in July 2020.
The company building the virtual border wall has a new version of its stealthy fast-flying drones — and a fresh contract with Customs and Border Protection to match. Anduril, a young defense-friendly tech company from the founder of Oculus, received $36 million from Customs and Border Protection this month for its AI-powered autonomous surveillance towers.