Web Reference: 1 day ago · The recent funding round led by Founders Fund valued the hot military startup at $30 billion – and made its chairman Trae Stephens the latest defense tech billionaire. Trae Stephens (born November 1983) is an American venture capitalist and technology entrepreneur. He is a co-founder and the executive chairman of Anduril Industries, a defense technology company, and since 2014 a partner at Peter Thiel 's venture capital firm Founders Fund. Trae is a Partner at Founders Fund. He is also Co-founder and Executive Chairman of Anduril Industries, a defense technology company focused on autonomous systems, and Co-founder of Sol, a next generation wearable e-reader.
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Details: $52M - $58M
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Last Updated: April 10, 2026
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