Anduril Raises $450M in Series D; Valued at $4.6 Billion

Anduril Industries

Anduril Industries, an Irvine, Calif.-based defense technology company, raised $450m in Series D funding and a post-money valuation of $4.6 billion.

The round was led by Elad Gil, with participation from Andreessen Horowitz, 8VC, Founders Fund, General Catalyst, Lux Capital, Valor Equity Partners, and D1 Capital Partners.

Led by co-founder and CEO Brian Schimpf, Anduril is a defense technology company building advanced technologies (including AI, computer vision, sensor fusion, optics and automation) to solve some of the most important & complex national security challenges. The company’s AI powered software, Lattice, uses computer vision, machine learning, and mesh networking to combine real-time sensor data to create a single, autonomous operating picture and command and control platform.

Lattice ties together Anduril’s family of site security solutions deployed along the southwest border to provide situational awareness, and on military bases in the U.S. and abroad to autonomously detect, track, and interdict intrusions by people, drones, and other vehicles. Lattice is also the operating system that enables Anduril’s autonomous unmanned aircraft, such as the new Ghost 4 sUAS, to perform their missions.

Elad Gil is a serial entrepreneur, operating executive, and investor or advisor to private companies such as AirBnB, Airtable, Anduril, Benchling, Coinbase, Gusto, Instacart, Opendoor, PagerDuty, Pinterest, Square, Stripe, and others. Elad has invested in over 30 “unicorn” companies worth $1B or more, most of them at the seed or series A.