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00:02Defense technology startup Anduril is in talks with investors for a new funding round
00:06that could value the company at about $100 billion, according to Reuters.
00:11The discussions remain fluid and no decisions have been made on future financing, the company said.
00:16One proposal would require investors to commit to a second funding round within a year
00:20at a higher valuation if Anduril meets certain financial benchmarks.
00:25Reuters could not determine how much the company plans to raise.
00:28The talks follow a $5 billion funding round two months ago that doubled Anduril's valuation to $61 billion.
00:36The company has reported growing military sales, generated investor interest in its drones, software and missiles,
00:43and recently introduced its new Thunder Vertical Takeoff and Landing drone at the Farnborough Airshow.
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