[BREAKING] Thrive Capital, Andreessen to Lead $4 Billion Anduril Round

HEADLINE: Defense Tech Startup Anduril Raises $4B From Thrive, Andreessen Horowitz

LEAD: Anduril Industries, a defense technology startup, is raising $4 billion in a funding round co-led by Josh Kushner's Thrive Capital and Andreessen Horowitz, according to Bloomberg. The round could nearly double the Costa Mesa, California-based company's valuation to $8.5 billion.

BODY: The funding underscores investor appetite for defense-focused startups as the sector attracts venture capital. Anduril has gained prominence in the defense contracting space, recently winning a major contract to develop an unmanned fighter jet for the US Air Force, beating out several legacy defense contractors.

The participation of both Thrive Capital and Andreessen Horowitz—two of venture capital's most prominent firms—signals confidence in Anduril's technology and market position.

WHAT'S NEXT: Watch for details on how Anduril plans to deploy the capital toward its defense contracts and R&D efforts.