Founders Fund has led one other, monumental spherical for protection tech startup Anduril with a $1 billion funding as a part of a brand new $2.5 billion elevate, the biggest test the agency has ever written. Existing buyers additionally piled in, an Anduril spokesperson tells TechCrunch.
Anduril has now doubled its valuation to $30.5 billion with this sequence G elevate. An Anduril spokesperson says the spherical was over 8x occasions oversubscribed, that means many extra buyers wished to purchase than the quantity of inventory Anduril was promoting.
Anduril, which makes autonomous weapons and software program to manage them, says the brand new funding was raised after the corporate doubled its income in 2024 to about $1 billion.
The firm can also be having fun with a tailwind from being granted the U.S. Army’s monumental contract for growing new AR/VR headsets for troopers. The contract was initially granted to Microsoft with a complete $22 billion funds, however was reassigned to Anduril in February. That contract is such an enormous deal, it even brought on Anduril founder Palmer Luckey to publicly forgive his former employer Meta final week as the 2 corporations introduced a partnership to create gadgets for the undertaking.
Anduril Executive chair and co-founder Trae Stephens, who can also be a Founder’s Fund companion, disclosed the brand new funding on an interview on Bloomberg Television.
