Anduril, an artificial intelligence military start-up, is set to complete a new round of funding that would double the value of the company to $28 billion, according to four people familiar with the negotiations. The funding round, led by Founders Fund, is raising up to $2.5 billion, the people said. Founders Fund alone plans to invest $1 billion, the largest check ever written by the firm, two of the people said. Anduril designs and builds autonomous systems and weapons for the military and other government agencies, including flying drones, missiles, underwater vessels and surveillance equipment for monitoring both national borders and the battlefield. Six months ago, Anduril raised $1.5 billion at a $14 billion valuation.
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