Founders Fund has led another, enormous round for defense tech startup Anduril with a $1 billion investment as part of a new $2.5 billion raise, the largest check the firm has actually ever composed.
Existing financiers likewise stacked in, an Anduril representative tells A Technology NewsRoom.
Anduril has actually now doubled its appraisal to $30.5 billion with this Series G raise.
The spokesperson states the round was over 8x times oversubscribed, indicating a lot more investors wanted to purchase than the quantity of stock Anduril was selling.Anduril, which makes self-governing weapons and software to manage them, says the brand-new financing was raised after the company doubled its profits in 2024 to about $1 billion.
The business is likewise taking pleasure in a tailwind from being given the U.S.
Armys enormous contract for establishing new AR/VR headsets for soldiers.
The agreement was initially given to Microsoft with a total $22 billion budget however was reassigned to Anduril in February.
That agreement is such a big offer, it even triggered Anduril founder Palmer Luckey to publicly forgive his former employer Meta last week as the two companies announced a partnership to develop gadgets for the project.Anduril executive chair and co-founder Trae Stephens, who is also a Founders Fund partner, disclosed the new funding in an interview on Bloomberg Television.