Episode Details

Anduril announced Tuesday that a fleet of its XL uncrewed undersea vehicle “Ghost Shark” will begin operations in Australian waters next year under a massive billion dollar contract. The five-year award structure is the defense-startup holy grail; it’s a program of record that essentially locks in recurring revenue by becoming a line item in the country’s defense budget.

Also, Perplexity, the AI-powered search startup that competes with Google by providing conversational answers to user queries, has secured $200 million in new capital at a $20 billion valuation.

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