Anduril
Anduril Industries is a defense technology company that develops autonomous systems and AI-powered security solutions for military and border protection applications. Founded by Palmer Luckey, the creator of Oculus VR, Anduril is revolutionizing national security through its suite of advanced hardware products powered by Lattice, its proprietary AI operating system. The company has rapidly grown to become one of the most valuable defense technology startups, securing major contracts with the U.S. government and military.
Company Overview
Founded: 2017
Headquarters: Orange County, CA
Employees: 501–1,000
Website: https://www.anduril.com/
Sector: Defense and Aerospace
Highlights
$28 billion valuation – In February 2025, Anduril raised $2.5 billion at a $28 billion valuation, doubling its valuation from August 2024 [1][8]
$1 billion contract – In January 2022, Anduril won its largest contract to date (roughly $1 billion) from the Special Operations Command [5]
$1 billion annual revenue – Anduril generated $1 billion in revenue in 2024, up from $500 million in FY 2023 [4][5]
$6.6 billion total raised – The company has raised over $6.6 billion across Seed through Series G funding rounds [1]
Product & Technology
Anduril offers a comprehensive suite of defense technology products powered by Lattice, its AI operating system that provides persistent awareness and security across land, sea, and air terrains.
Hardware Products
Sentry Towers
Solar-powered towers that identify and track objects of interest
Cold Weather Sentry towers equipped with generators and internal lens heaters for cold climate operation
Maritime Sentry towers designed to detect boats, jet skis, and other watercraft
Drone Systems
Ghost: A man-portable drone that can be assembled and deployed in 3 minutes, providing 55 minutes of surveillance flight time
Altius: An agile autonomous drone with twice the loitering time of competing market offerings, customizable with unique payloads
Anvil: An autonomous counter-drone system that destroys enemy drones
Sensor Systems
Dust: Ground sensor that uses radar to detect and screen targets
WISP (Wide-Area Infrared Sensing with Persistence): 360-degree surveillance camera providing high-quality imaging for critical area coverage
Underwater Systems
Dive LD: Deep water vehicle for surveys and inspections, capable of autonomous missions up to 10 days
Technology Stack
Anduril's products are supported by its Lattice operating system, which analyzes information from various sensors and data sources to track and classify objects in real time, providing comprehensive situational awareness.
Competitive Advantages
AI-Powered Operating System: Lattice provides a unified technology stack that integrates data from multiple sensors and sources, enabling real-time object tracking and classification across all domains [2]
Rapid Product Development: Anduril's software-first approach allows for faster iteration and deployment compared to traditional defense contractors
Strategic Acquisitions: The company has acquired key technologies including Dive Technologies (Dive LD) and Copious Imaging (WISP) to expand its product portfolio [2][7]
Government Relationships: Strong partnerships with U.S. military and government agencies, evidenced by major contract wins
Market Opportunity
The military drones market was estimated to be $11.60 billion in 2021, with North America holding the largest market share at more than two-fifths of the global market [4].
Market Trends
The autonomous segment is estimated to grow at a much faster rate than remotely operated systems
The intelligence and surveillance application segment represented more than two-fifths of the global military drones market in 2021 [4]
Increasing defense budgets and the shift toward AI-powered autonomous systems present significant growth opportunities
Financial Overview
Funding History and Investment Rounds
Seed
Funding: $17.50M
Total Funding: $17.50M
Post-Round Valuation: $97.50M
Total Investors: 11
Series A
Funding: $41.00M
Total Funding: $58.50M
Post-Round Valuation: $250.00M
Total Investors: 2
Series B
Funding: $126.60M
Total Funding: $185.10M
Post-Round Valuation: $1,030.00M
Total Investors: 6
Series C
Funding: $200.00M
Total Funding: $385.10M
Post-Round Valuation: $1,900.00M
Total Investors: 13
Grant
Funding: $36.00M
Total Funding: $421.10M
Post-Round Valuation: –
Total Investors: 1
Series D
Funding: $450.00M
Total Funding: $871.10M
Post-Round Valuation: $4,600.00M
Total Investors: 25
Series E
Funding: $1,480.00M
Total Funding: $2,351.10M
Post-Round Valuation: $8,480.00M
Total Investors: 45
Series F
Funding: $1,500.00M
Total Funding: $3,851.10M
Post-Round Valuation: $14,000.00M
Total Investors: 9
Series G
Funding: $2,500.00M
Total Funding: $6,351.10M
Post-Round Valuation: $28,000.00M
Total Investors: –
Series H (Upcoming)
Funding: $8,000.00M+
Total Funding: $14,351.10M+
Post-Round Valuation: $60,000.00M+
Total Investors: –
Key Investors
9Yards Capital
137 Ventures
Valor Equity Partners
Elementum Ventures
Founders Fund
Leadership Team
Brian Schimpf – CEO and Co-founder
Previously Director of Engineering at Palantir Technologies
Studied Operations Research at Cornell University [3]
Michael Galvin – CFO
Previously CFO at Armis, PlanGrid, and Aruba Networks
Vice President of Finance at BEA Systems
Studied Economics at University of Notre Dame; MBA from UCLA [3]
Matt Grimm – COO
Previously Principal at Mithril Capital Management
Forward Deployed Engineer at Palantir
Senior Consultant at Booz Allen Hamilton
Studied Mechanical and Aerospace Engineering and Systems Engineering at Cornell University [3]
Palmer Luckey – CTO and Co-founder
Previously founder of Oculus VR (acquired by Facebook) [3]
Recent News
Anduril aims for $8 billion fundraising, Bloomberg News reports | Reuters - Reuters, February 2026
Anduril in talks to raise at $28 billion valuation – CNBC, February 2025 [1]
Anduril valued at $14 billion in Series F – CNBC, August 2024 [8]
Anduril raises $1.48 billion in Series E funding – Anduril Blog, December 2022 [2]
Anduril acquires Dive Technologies – Anduril Blog, February 2021 [2]
Anduril acquires Copious Imaging – Inside Defense, September 2021 [7]
References
[1] Pitchbook.com [2] Anduril.com [3] Linkedin.com [4] Einnews.com [5] Breakingdefense.com [6] Techcrunch.com [7] Insidefense.com [8] CNBC.com [9] Reuters.com
This profile is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Past performance is not indicative of future results.
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