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According to Dongxin News Agency, Anduril Industries Inc. has doubled its valuation to $61 billion in a new $5 billion funding round led by Thrive Capital and Andreessen Horowitz. CEO Brian Schimpf stated that Anduril will "aggressively" invest in production capacity, research and development, and infrastructure. The company is seeing demand from the US government, including a new framework agreement with the Department of Defense to launch a "low-cost containerized missile" project.