The deal would effectively double the company’s $5.6 billion valuation in just four months.
The funding round would come less than a year after Anduril’s Series G, which closed in June with $2.5 billion against a $30 billion valuation.
Thrive Capital just raised $10 billion for its new fund– nearly double the size of its last fund.
Mesh aims to mass-produce optical transceivers for AI data centers.
If co-founder Lachy Groom has any doubts, he doesn’t show it. He’s working with people who’ve been working on this problem for decades and who believe the timing is finally right, which is all he needs to know.