Anduril Industries Raises $1.48 Billion in Series E Funding

Anduril Industries

Anduril Industries, a Costa Mesa, CA-based defense technology company, raised $1.4 Billion in Series E funding at the beginning of December 2022.

The round was led by Valor Equity Partners, with participation from Founders Fund, Andreessen Horowitz, General Catalyst, 8VC, Lux Capital, Thrive Capital, DFJ Growth, Elad Gil, Lachy Groom, Human Capital, Marlinspike, WCM Investment Management, MVP Ventures, Lightspeed Ventures and Thomas Tull’s newly minted US Innovative Technology Fund (USIT).

The company intends to use the funds to accelerate research and development to bring autonomous defense capabilities to the market and continue to mature and scale its current business lines with the US Department of Defense as well as US allies and partners.

Anduril Industries is a defense technology company dedicated to innovating the U.S. and allied military capabilities with advanced technology. Its family of systems is powered by Lattice OS, an AI-powered operating system that turns thousands of data streams into a realtime, 3D command and control center.

In the last twelve months, the company reached significant milestones including:

  • Closed a 10-year $967M contract to be U.S. Special Operations Command’s Systems Integration Partner (SIP) for counter-UAS (cUAS) technology.
  • Acquired Dive Technologies, a pioneer in autonomous underwater vehicles (AUVs), expanding Anduril’s suite of autonomous systems and extending its unmanned capabilities to the undersea domain.
  • Expanded to Australia, with an independent entity, Anduril Australia headquartered in Sydney to advance and grow a broad Australian industrial network and develop advanced defense technologies in partnership with the Australian Defence Force and Australian government.
  • Signed a $100M contract for a co-funded design, development and manufacturing program for Extra Large Autonomous Undersea Vehicles (XL-AUVs) with the Royal Australian Navy.
  • Nearly doubled the team size, from 700 at the start of 2022 to more than 1100 employees today.
  • Launched three new products including.
  • ALTIUS 600M: ALTIUS Loitering Munition (M) delivers twice the loitering time and range of current market offerings and leverages autonomy to enable a single operator to control multiple assets simultaneously.
  • Menacean integrated, expeditionary, secure, command, control, communications and computing (C4) platform, giving warfighters the ability to plan and execute missions at geographically dispersed and austere locations.
  • Mobile Sentry: a ruggedized, mobile platform that uses artificial intelligence for highly accurate, persistent autonomous ground or air awareness, leveraging AI-enabled edge processing, continuous 360 monitoring and a variety of radars and sensors to autonomously identify, detect and track objects of interest in a given environment.