According to reports, Defense technology startup Anduril Industries has clinched a valuation of $30.5 billion in its latest funding round where it raised $2.5 billion.

The firm, founded by Palmer Luckey, raised $1.5 billion last year, which more than doubled its valuation to $14 billion.

The move supports a February Reuters story that said Anduril was negotiating a $2.5 billion fundraising round, with tech tycoon Peter Thiel's Founders Fund leading the effort.

While all other investors increased their commitments from earlier rounds in the Series G fund raise, Anduril announced that the Founders Fund had invested $1 billion.

One of Anduril's co-founders, Trae Stephens, is a partner at Founders Fund, which has supported the company since its founding in 2017.

In response to growing demands for affordable autonomous defence goods, Anduril has emerged as a leading provider of solutions, including a variety of sensors and drones.

In an effort to cut expenses, the Pentagon recently partnered with Palantir Technologies to create a consortium that will compete on government contracts together.

Lattice, an open operating system with AI capabilities that gives autonomy to the most difficult defence tasks, powers the Anduril family of technologies.

Lattice uses a layered family of systems approach by combining open, modular, and scalable hardware components with autonomous sensemaking and command & control capabilities.