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Home / NewTech / Palmer Luckey's start-up for the Virtual Boundary Wall is reportedly valued at $ 1 billion

Palmer Luckey's start-up for the Virtual Boundary Wall is reportedly valued at $ 1 billion



  Lisbon Web Summit 2018

Palmer Luckey's virtual border-line startup has reportedly attracted $ 1 billion in investment.


Horacio Villalobos // Corbis via Getty Images

Palmer Luckey's ambitions to build a virtual boundary wall have reportedly been boosted. The inventor of Oculus VR (19459014), Anduril Industries, has completed a new fundraising round that has given the startup a value in excess of $ 1 billion, CNBC reported on Wednesday infrared sensors and light detection to detect intruders at military bases and borders. The system has already been deployed in Texas and Southern California.

Among the contributors to the recent round was the well-known Silicon Valley venture capital firm Andreessen Horowitz, citing anonymous sources familiar with the matter.

The technology uses Lidar – light detection and removal – as well as cameras and infrared sensors to detect illegal activities at borders. The technology could be used to monitor the perimeter of military bases and stadiums as well as borders.

Luckey's Oculus has fueled the current generation of virtual reality and caught the attention of Facebook, which has almost completely taken over Oculus 2014 $ 2 billion . Luckey founded a military tech company in 2017 during his farewell to Facebook after it was discovered that he had lied about his involvement in an anti-Hillary Clinton campaign smear squad.

For many technical giants in Silicon Valley, working on military projects – especially on weapons development – has proved controversial and has created moral and ethical dilemmas. Google has announced that it will continue to work with the Pentagon, but not with weapons projects. Microsoft rejected calls by employees to terminate a contract with the US Army to develop augmented reality systems for combat missions and training.

Luckey has a different attitude and said in November that tech companies should not try to dictate military policy or deny the military vital tools. He said he was worried that the US might fall behind and lose the next war if tech companies do not take action.

Representatives of Andreessen Horowitz and Anduril Industries did not respond immediately to requests for comments.


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