Anduril raises $2.5B at $30.5B valuation, led by Founders Fund
Defense technology company Anduril has closed a landmark $2.5 billion Series G funding round, led by Founders Fund with a staggering $1 billion investment—marking the largest single check the venture firm has ever written. The round was massively oversubscribed, with demand exceeding available shares by over eight times, according to a company spokesperson.
The raise catapults Anduril’s valuation to $30.5 billion, doubling it from its previous mark. The company’s rapid financial ascent reflects not only robust investor appetite but also significant operational momentum. Anduril says it doubled revenue in 2024 to reach approximately $1 billion.
Founded by Palmer Luckey, Anduril develops autonomous weapons systems and the AI software to manage them. The company has positioned itself at the nexus of defense innovation, blending Silicon Valley-style agility with military-grade impact. That positioning has started to pay off in massive ways.
A key driver of investor enthusiasm is Anduril’s recent coup: securing a major U.S. Army contract for augmented and virtual reality headsets for soldiers—a contract originally awarded to Microsoft as part of a $22 billion initiative. In February, the project shifted to Anduril, reshaping the competitive landscape and instantly boosting Anduril’s credibility and potential for long-term government business.
The strategic importance of the deal was underscored last week when Luckey publicly reconciled with his former employer, Meta, as the two companies announced a partnership to co-develop devices for the military contract.
Founders Fund partner and Anduril co-founder Trae Stephens confirmed the new funding, emphasizing that the company remains focused on scaling its technological footprint and expanding its role in modern defense.
This latest raise not only underscores Anduril’s breakout status in the defense tech sector—it also signals a growing appetite among venture firms to fund companies working directly on national security and military applications, a space long seen as off-limits for typical Silicon Valley investors. With this round, Anduril may have just redefined what a "unicorn" looks like in the 21st-century defense economy.
