Colossal Biosciences’ Ben Lamm and Anduril’s Palmer Luckey had an idea to genetically engineer war dogs for the U.S. military, law enforcement, and other emergency response teams. On Thursday, that idea came out of stealth as Warhound, backed by $200 million in funding from investors including Sequoia, 8VC, Corner Ventures, and In-Q-Tel, a venture firm backed by the CIA and other U.S. intelligence agencies. The round values the company at $1.2 billion. Warhound’s dogs, which do not exist yet, will take on tasks that are dangerous for humans or difficult for machines, such as bomb detection, searches, and other specialized...