Anduril raises $2.5B at $30.5B valuation led by Founders Fund

In a significant boost for defense technology firm Anduril, Founders Fund has spearheaded a massive funding round, contributing $1 billion to a total raise of $2.5 billion—the largest investment the venture capital firm has ever made. According to an Anduril spokesperson, existing investors also participated enthusiastically, leading to a remarkable oversubscription of over eight times the available shares. This Series G funding round has propelled Anduril's valuation to an impressive $30.5 billion. The company, known for its innovative autonomous weaponry and control software, has seen its revenue soar, reaching approximately $1 billion in 2024. A key factor in this growth is Anduril's recent acquisition of a substantial contract with the U.S. Army to develop advanced augmented and virtual reality headsets for soldiers—a contract previously awarded to Microsoft with a $22 billion budget. This pivotal deal has even prompted Anduril's founder, Palmer Luckey, to publicly mend ties with Meta, as the two companies collaborate on device creation for the military project. Trae Stephens, co-founder and executive chairman of Anduril, who is also a partner at Founders Fund, shared insights about the funding in a recent interview on Bloomberg Television.