Defense technology startup Anduril Industries said it raised $450 million in a Series D deal valuing the company at $4.6 billion. The round was led by Elad Gil, an early investor in the company. The Information first reported that Anduril was in fundraising talks in April. The Irvine, Calif.-based startup, valued at $1.9 billion in July, will likely use the new funding to further expand into...
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Why the Press Could Fail
As a news entrepreneur, I’ve spent most of the last eight years focused on the business model challenges to our industry, which have been seismic. I’ve argued, again and again, that quality journalism won’t survive unless publishers stop trying to game algorithms for ad dollars and start holding themselves to a higher bar: journalism worth paying for.But another less-discussed challenge is...
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