"Palmer Luckey's defense-tech company is in the middle of a multi-billion-dollar funding round led by Thrive Capital and Andreessen Horowitz, according to a new report from the Wall Street Journal. The funding round would come less than a year after the company's Series G, which closed in June with $2.5 billion against a $30 billion valuation."
"The round comes at an awkward moment for defense startups. After a contract dispute between Anthropic and the Pentagon, the U.S. government is in the process of cancelling all its contracts with the AI company, and Secretary of Defense Hegseth has threatened to designate the company as a supply chain risk."
"At the end of the day, you have to believe that our imperfect constitutional republic is still good enough to run a country without outsourcing the real levers of power to billionaires and corpos and their shadow advisors."
Palmer Luckey's defense-technology company is conducting a multi-billion-dollar funding round led by Thrive Capital and Andreessen Horowitz, with participation from Lux Capital and Founders Fund. The round could raise up to $8 billion, occurring less than a year after the company's Series G funding of $2.5 billion at a $30 billion valuation. This funding announcement coincides with tension in the defense-tech sector following a contract dispute between Anthropic and the Pentagon, which is canceling all contracts with the AI company and considering designating it a supply chain risk. Luckey has publicly supported the government's position, arguing against outsourcing national security decisions to private entities.
#defense-technology-funding #venture-capital #government-contracts #ai-and-national-security #pentagon-policy
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