Palmer Luckey just can’t stop winning. Over the weekend, CNBC reported that Anduril is reportedly in talks to raise up to $2.5B at a $28B pre-money valuation. Sources familiar with the deal told Tectonic that the round was led by Peter Thiel’s Founder’s Fund, which coughed up a $1B check. The term sheet was reportedly signed on […]
Thought the AI mergers were over? Think again. Today, autonomous vehicle software developer Applied Intuition announced that it’s acquiring EpiSci, a software company that builds autonomous systems for everything from drones to surface vessels to fighter jets. Applied Intuition CTO and co-founder Peter Ludwig told Tectonic that the deal would enable the company to expand beyond ground-based […]
