Anduril Raises $1.48 Billion in Series E Funding

by Kay Aloha Villamor in December 29th, 2022

Anduril, a Costa Mesa, CA-based defense technology company, has announced that it raised $1.48 billion in Series E funding, valuing the company at $8.48 billion, nearly doubling its previous valuation in June 2021. 

The funding round was led by Valor Equity Partners, a longtime Anduril investor, with participation from Founders Fund, Andreessen Horowitz, General Catalyst, 8VC, Lux Capital, Thrive Capital, DFJ Growth, Elad Gil, Lachy Groom, Human Capital, Marlinspike, WCM Investment Management, MVP Ventures, Lightspeed Ventures and Thomas Tull’s newly minted US Innovative Technology Fund (USIT).

The new funding will enable Anduril to accelerate research and development to bring new, cutting-edge autonomous defense capabilities to the market and continue to mature and scale its current business lines with the US Department of Defense as well as US allies and partners.

To continue to enable the US, allies, and partners to deter adversaries, Anduril is building software-defined and hardware-enabled capabilities that solve mission needs with autonomy, today. Autonomous systems will enable the military to operate faster and at a greater scale across both tactical and strategic operations.

In the last 12 months, Anduril expanded to Australia, with an independent entity, Anduril Australia headquartered in Sydney to advance and grow a broad Australian industrial network and develop advanced defense technologies in partnership with the Australian Defence Force and Australian government.

It also doubled the team size, from 700 at the start of 2022 to more than 1100 employees.

Company: Anduril Industries Inc.

Raised: $1.48B

Round: Series E

Funding Month: December 2022

Lead Investors: Valor Equity Partners

Additional Investors: Andreessen Horowitz, General Catalyst, 8VC, Lux Capital, Thrive Capital, DFJ Growth, Elad Gil, Lachy Groom, Human Capital, Marlinspike, WCM Investment Management, MVP Ventures, Lightspeed Ventures and Thomas Tull’s newly minted US Innovative Technology Fund

Company Website: https://www.anduril.com/

Software Category: Defense technology

About the Company: Anduril Industries is a defense technology company with a mission to transform U.S. and allied military capabilities with advanced technology. By bringing the expertise, technology, and business model of the 21st century’s most innovative companies to the defense industry, Anduril is changing how military systems are designed, built, and sold. Anduril’s family of systems is powered by Lattice OS, an AI-powered operating system that turns thousands of sensors and data streams into a real-time, 3D command and control center. As the world enters an era of strategic competition, Anduril is committed to bringing cutting-edge AI, fusion, and networking technology to the military in months, not years. 

Source: https://blog.anduril.com/anduril-raises-1-48-billion-in-series-e-funding-ac8c7299d182





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