# Anduril Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/anduril-industries

- Industry: Defence
- Headquarters: Costa Mesa, US
- Website: www.anduril.com
- Total disclosed funding: $6.3B
- Latest round: Series G (Jun 5, 2025)
- Investors on record: 28

## About

Founded in 2017 and based in Orange County, CA, Anduril Industries, Inc. is a defense technology firm that specializes in autonomous systems and advanced solutions for military applications, enhancing security and surveillance operations globally.  

Founded in 2017 and based in California, US, Anduril Industries, Inc. provides advanced defense systems combining AI, autonomous vehicles, sensor networks, and real-time command & control software to enhance military surveillance, threat detection, and operational capabilities. The company was founded by Palmer Luckey, Trae Stephens, Matt Grimm, Joe Chen, and Brian Schimpf. In March 2026, Anduril Industries, Inc. is raising approximately USD 4 billion in venture funding co-led by returning investors Thrive Capital and Andreessen Horowitz, with participation from other returning investors Lux Capital and Founders Fund. The funding is valuing the company at approximately USD 60 billion post-money.


Anduril Industries specializes in advanced technology solutions for military applications, particularly through its family of autonomous systems powered by the Lattice operating system. These systems provide integrated, persistent awareness and security across land, sea, and air, enabling a range of intelligence, surveillance, reconnaissance, and targeting missions. Key offerings include the Barracuda family of air-breathing Autonomous Air Vehicles (AAVs), designed for mass production and adaptability in various mission profiles, and the Dive-LD Autonomous Underwater Vehicle, optimized for deep-sea operations. Anduril’s products are primarily utilized by U.S. military personnel, allied defense forces, and government agencies focused on national security, operating in markets that include North America, Europe, and the Indo-Pacific region.

Anduril Industries generates revenue through strategic contracts and partnerships with defense agencies and military organizations. The company engages in direct-to-government sales, typically involving large-scale procurements of its flagship products, such as the Barracuda and Dive-LD systems. These transactions are structured as project-based contracts, with payments tied to specific milestones or deliverables outlined in the agreements. Additionally, Anduril may offer services related to the integration and maintenance of its autonomous systems, further enhancing its revenue streams. While specific pricing plans for individual products or services are not disclosed, the company’s focus on high-volume production positions it effectively within the defense market.

The company will use the March 2026 funding to support various projects, including the construction of a facility in Ohio for the mass production of products like aerial and maritime drones.

## Funding rounds

- Series G, Jun 5, 2025, $2.5B — Lightspeed Venture Partners, Morgan Stanley Investment Management, T Rowe Price, General Catalyst Partners, Valor Equity Partners, Founders Fund, Lux Capital, Fidelity Investments, Andreessen Horowitz, BlackRock, Altimeter Capital, Franklin Templeton, Sands Capital Alternatives, Baillie Gifford, Anti Fund, 1789 Capital
- Series G, Feb 10, 2025 — Thrive Capital
- Series F, Aug 7, 2024, $1.5B — Morgan Stanley Investment Management, Founders Fund, Fidelity Investments, Altimeter Capital, Franklin Templeton, Sands Capital Alternatives, Baillie Gifford
- Series E, Aug 1, 2022, $1.5B — Lightspeed Venture Partners, General Catalyst Partners, Valor Equity Partners, Founders Fund, Lux Capital, Andreessen Horowitz, Thrive Capital, DFJ Growth, 8VC, WCM Investment Management, Human Capital, MVP Ventures, Marlinspike Partners, Anti Fund, United States Innovative Technology
- Series D, Jun 17, 2021, $450M — General Catalyst Partners, Valor Equity Partners, Founders Fund, Lux Capital, Andreessen Horowitz, 8VC, D1 Capital Partners, Contrary, Jovono
- Series C, Jun 25, 2020, $200M — General Catalyst Partners, Valor Equity Partners, Founders Fund, Lux Capital, Andreessen Horowitz, 8VC, Human Capital
- Series B, Nov 13, 2019, $120M — General Catalyst Partners, Valor Equity Partners, Founders Fund, Andreessen Horowitz
- Series A, Sep 28, 2018, $41M — General Catalyst Partners, Founders Fund, Anorak Ventures, Human Capital
- Seed, Jul 28, 2017, $18M — General Catalyst Partners, Founders Fund

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed, Series A, Series B, Series C, Series D, Series E, Series G
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed, Series A, Series B, Series C, Series D, Series E, Series F, Series G
- Anorak Ventures (https://capitalatlas.ai/funds/anorak-ventures) — Series A
- Human Capital (https://capitalatlas.ai/funds/human-capital) — Series A, Series C, Series E
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series B, Series C, Series D, Series E, Series G
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series B, Series C, Series D, Series E, Series G
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series C, Series D, Series E, Series G
- 8VC (https://capitalatlas.ai/funds/8vc) — Series C, Series D, Series E
- D1 Capital Partners (https://capitalatlas.ai/funds/d1-capital-partners) — Series D
- Contrary (https://capitalatlas.ai/funds/contrary) — Series D
- Jovono (https://capitalatlas.ai/funds/jovono) — Series D
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series E, Series G
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series E, Series G
- DFJ Growth (https://capitalatlas.ai/funds/dfj-growth) — Series E
- WCM Investment Management (https://capitalatlas.ai/funds/wcm-investment-management) — Series E
- MVP Ventures (https://capitalatlas.ai/funds/mvp-ventures) — Series E
- Marlinspike Partners (https://capitalatlas.ai/funds/marlinspike-partners) — Series E
- Anti Fund (https://capitalatlas.ai/funds/anti-fund) — Series E, Series G
- United States Innovative Technology (https://capitalatlas.ai/funds/united-states-innovative-technology) — Series E
- Morgan Stanley Investment Management — Series F, Series G
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series F, Series G
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series F, Series G
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series F, Series G
- Sands Capital Alternatives (https://capitalatlas.ai/funds/sands-capital-alternatives) — Series F, Series G
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series F, Series G
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series G
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series G
- 1789 Capital (https://capitalatlas.ai/funds/1789-capital) — Series G