Kushner’s Thrive, Andreessen Lead $4 Billion Anduril Round

Josh Kushner’s Thrive Capital and venture firm Andreessen Horowitz are coleading a fundraising round for Anduril Industries Inc. that could nearly double the defense tech startup’s valuation.

Anduril is seeking to raise about $4 billion, with both firms jointly leading the round, said two people familiar with the matter, who asked not to be identified discussing private information. The fundraising is expected to value the startup at about $60 billion.