Defense company Anduril raises $2.5 billion in investment at $30.5 billion valuation

Defense technology company Anduril announced a $2.5 billion Series G round led by Founders Fund, which invested $1 billion, the largest amount in its history. The company told TechCrunch that existing shareholders also joined the investment.

As a result of the new round, Anduril's valuation doubled to $30.5 billion. Demand for shares significantly exceeded supply: the investment round was oversubscribed more than eight times.

The company, which develops autonomous weapons systems and software to control them, reported a doubling of revenue in 2024 to about $1 billion.

An additional impetus for growth was the fact that the US Army awarded Anduril a contract to develop new AR/VR helmets for the military, which previously belonged to Microsoft and had a total budget of $22 billion.

This contract is so important that Anduril co-founder Palmer Luckey even publicly reconciled with Meta, as the two companies are now collaborating on this project.

In case you didn’t know, Palmer Luckey founded Anduril in 2017. The company develops advanced systems for the military and government, including autonomous drones, surveillance systems, sensors, and AI-powered software. Anduril has won over $6 billion in government contracts in recent years across multiple countries.