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 most important verify the agency has ever written. Current buyers additionally piled in, an Anduril spokesperson tells TechCrunch.
Anduril has now doubled its valuation to $30.5 billion with this Sequence G elevate. The spokesperson says the spherical was over 8x instances 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 regulate them, says the brand new funding was raised after the corporate doubled its income in 2024 to about $1 billion.
The corporate can be having fun with a tailwind from being granted the U.S. Military’s monumental contract for creating new AR/VR headsets for troopers. The contract was initially granted to Microsoft with a complete $22 billion finances however was reassigned to Anduril in February. That contract is such an enormous deal, it even induced Anduril founder Palmer Luckey to publicly forgive his former employer Meta final week as the 2 firms introduced a partnership to create gadgets for the venture.
Anduril government chair and co-founder Trae Stephens, who can be a Founder’s Fund accomplice, disclosed the brand new funding in an interview on Bloomberg Tv.