Anduril Industries has closed a $2.5bn funding round, significantly increasing its valuation to $30.5bn. The defence technology company aims to establish itself as a key player in the American national security sector.

Defense tech startup Anduril raised $2.5 billion in a round that included a $1 billion investment from lead backer Founders Fund.

Anduril Industries in Costa Mesa has closed a new funding round of $2.5 billion, a deal that more than doubles the defense startup’s valuation to $30.5 billion, Executive Chairman Trae Stephens said Thursday.