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T. Rowe Price Joined Whopping $2.5 Billion Round for Defense Tech Startup Anduril

Summary by Citybiz
Global asset manager T. Rowe Price was among investors who poured a massive $2.5 billion into Anduril Industries earlier this month, valuing the defense tech startup at $30.5 billion. The Series G funding round was led by Peter Thiel’s San Francisco-based Founders Fund, which pumped in $1 billion. The Costa Mesa, Calif.-based Anduril develops a range of autonomous weapons and software, such as sensors and drones. The Baltimore-based fund Rowe Pr…
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citybiz broke the news in on Friday, June 27, 2025.
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