Anduril Raises $2.5B at $30.5B Valuation

Anduril Secures $2.5 Billion Funding Round

Founders Fund spearheaded a substantial investment in defense technology company Anduril, contributing $1 billion as part of a new $2.5 billion funding round.

This represents the largest investment Founders Fund has ever made, according to reports.

Valuation and Investor Demand

With this Series G raise, Anduril has successfully doubled its valuation, now reaching $30.5 billion.

An Anduril spokesperson confirmed to TechCrunch that the funding round was significantly oversubscribed, experiencing demand exceeding eight times the available stock.

Revenue Growth and Key Contracts

Anduril, specializing in autonomous weapons systems and their controlling software, reported a doubling of its revenue in 2024, reaching approximately $1 billion.

The company is currently benefiting from a significant contract awarded by the U.S. Army.

U.S. Army Contract and Strategic Partnership

Originally granted to Microsoft with a $22 billion budget, the contract for developing advanced AR/VR headsets for soldiers was reassigned to Anduril in February.

The importance of this contract led to a notable gesture from Anduril founder Palmer Luckey, who publicly extended forgiveness to his previous employer, Meta.

This followed the announcement of a collaborative partnership between the two companies focused on creating devices for the Army project.

Funding Disclosure

Trae Stephens, Anduril’s executive chair and co-founder, also a partner at Founders Fund, revealed the new funding during an interview on Bloomberg Television.

The substantial investment underscores the growing confidence in Anduril’s capabilities within the defense technology sector.