Oculus founder Palmer Luckey has received funding for his new startup, Anduril, that values the company at $1 billion, according to a CNBC report Wednesday. The company, which makes technology for a virtual border wall, reportedly received backing from Andreessen Horowitz, one of the most noteworthy venture capital firms in Silicon Valley. Andreessen Horowitz also backed Oculus before it was acquired by Facebook for $2 billion in 2014. Palmer started Anduril after leaving Facebook in 2017 amid reports of his controversial political donations and support of far-right groups. Visit Business Insider's homepage for more stories.