News linked to both this project and an event.
According to Bloomberg, Erebor Bank, a crypto-friendly bank backed by Peter Thiel, is negotiating a new round of financing with potential investors at a valuation of at least $8 billion, nearly double its valuation of $4.35 billion at the end of 2025. The report stated that just five months after obtaining its banking license, the bank's deposits have nearly quadrupled in the past three months.
According to The Information, Peter Thiel’s venture capital firm Founders Fund is investing approximately $624 million in Anduril’s latest funding round—making it one of the largest investors in this round. Anduril’s current round is reportedly raising around $4 billion, with an estimated valuation of $60 billion; Andreessen Horowitz (a16z) and Thrive Capital are leading the round. Anduril is a U.S.-based AI defense startup. Its founder, Palmer Luckey, previously co-founded Erebor—a digital bank tailored for cryptocurrency and tech startups—with Peter Thiel.