Anduril, a Costa Mesa, CA-based defense technology company specializing in advanced autonomous systems, has raised $1.5 billion in Series F funding, valued at $14 billion.
Investors
The round was co-led by Founders Fund and Sands Capital. New investors Fidelity Management & Research Company, Counterpoint Global, and Baillie Gifford and existing investors, including Altimeter and Franklin Venture Partners, joined the round.
Founders Fund is a venture capital firm investing in smart people solving difficult problems. Based in San Francisco, CA, The firm invests across all stages, sectors, and geographies.
Founded in 1992, Sands Capital manages over $53 billion in client assets as of June 30, 2024. The firm provides growth capital solutions across venture capital, growth equity, and public equity to institutions and fund sponsors in more than 40 countries.
Anduril Use of Funds
The company will use the funding to accelerate hiring, enhance manufacturing processes, upgrade tooling, and expand its infrastructure, further strengthening supply chain resilience. It will also drive the development of Arsenal, its innovative manufacturing platform designed to mass-produce autonomous weapons systems.
About Anduril
Anduril Industries is a defense technology company that specializes in developing advanced military systems using a combination of cutting-edge software and hardware. Founded in 2017 by Palmer Luckey, Anduril focuses on building autonomous systems, surveillance tools, and other defense-related technologies that can be rapidly scaled and deployed to meet the needs of the U.S. military and its allies. Anduril's product lineup includes counter-drone systems, autonomous aerial and underwater vehicles, and advanced surveillance platforms.
Funding Details
Company: Anduril Industries, Inc.
Raised: $1.5B
Round: Series F
Funding Date: August 2024
Lead Investors: Founders Fund, Sands Capital
Additional Investors: Fidelity Management & Research Company, Counterpoint Global, Baillie Gifford, Altimeter, Franklin Venture Partners
Company Website: https://www.anduril.com/
Software Category: Security and Defense
Source: https://www.anduril.com/article/anduril-raises-usd1-5-billion-to-rebuild-the-arsenal-of-democracy/