The company’s first demonstration mission is expected in early 2027.
The fresh fundraise comes less than a year after Founders Fund closed its third growth fund, a $4.6 billion vehicle intended primarily for follow-on investments in its successful late-stage companies.
The famed author and investor has launched the Future Vision Xprize with sponsors like Google, Marc Benioff, Ben Horowitz, to fund optimistic sci-fi films.
The fund currently offers retail investors exposure to eight startups, including Mercor, Ramp, and Stripe, with plans to expand its portfolio.
City Detect, a company that helps local governments prevent urban decay, is in at least 17 cities so far, including Dallas and Miami.
AI procurement startup Lio announced a $30 million Series A in a round led by Andreessen Horowitz.
Want to tap into the energy of 1,100+ startup founders, investors, and tech leaders descending on Boston for the Founder Summit 2026 on June 9? Host your own Side Event during “Founder Summit Week,” happening June 4-10!
Some AI founders are using a novel valuation mechanism to manufacture unicorn status.
Crunchbase data shows a record $189 billion of global venture capital flowed to startups last month, with AI startups nabbing 90% of the capital.
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.