Andrel Raises $1B for Arsenal

This is a Androl news story, published by MSN, that relates primarily to Trey Stevens news.

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Founders Fund

CNBC

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Anduril Chairman talks funding its Arsenal-1 factory and latest fundraising round

Summary

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59% Informative

Defense startup Andrel recently raising 1 1/2 billion dollars in a series F round, bringing the company's valuation to $14 billion .

Part of the funding will go towards its manufacturing platform, Arsenal that will be able to produce 10s of thousands of autonomous military systems per year.

Trey Stevens , Andrel Co founder and executive Chairman, Trey Stevens is also a partner at Founders Fund .

Yeah, I, I mean, I think what General Raymond is describing is perfectly analogous to what we're working on at Androl and it is a cultural shift that is beginning to happen in the department. You see things like the replicator initiative that has been spearheaded by deputy under Deputy Secretary Hicks . And that's really what we're leaning into at Androl is how do you produce these high volume, much less expensive systems where you can afford to take risk and iterate much more quickly than you would in a multi decade weapons platform..

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informal

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English

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not offensive

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not hateful