Defense Tech Leader Anduril Raises $2.5B, Hits $30.5B Valuation
Defense tech company Anduril more than doubles its valuation after a major funding round led by Founders Fund.
Anduril Expands in Defense Tech With $2.5B Funding Round
Anduril Industries, a fast-growing defense tech company, has raised $2.5 billion in a Series G round. The new funding pushes its post-money valuation to $30.5 billion, more than double its previous value, according to company chairman Trae Stephens.
The round was led by Founders Fund, a venture capital firm where Stephens is also a partner. The firm contributed $1 billion, marking its largest investment to date.
Strengthening Operations for Growth
Stephens explained that the funding will support Anduril’s efforts to scale production and solve complex manufacturing challenges. He said the company needs to be financially strong to meet increasing demand for its defense tech solutions.
Founded in 2017 and based in Costa Mesa, California, Anduril has now raised over $6 billion. Previous investors include General Catalyst, Andreessen Horowitz, Valor Equity Partners, BlackRock, and Lightspeed Venture Partners.
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From Oculus to Anduril
Palmer Luckey, co-founder of Anduril, launched the company after leaving Meta. He had previously sold his virtual reality startup Oculus to the tech giant. The two firms are now collaborating again. On May 29, Anduril announced a partnership with Meta to develop extended reality devices for the U.S. military.
Defense Tech Funding on the Rise
Investment in defense tech startups — including military, security, and law enforcement sectors — reached $3 billion across 102 deals last year. That marked an 11% increase over 2023.
Anduril’s latest round alone nearly matches last year’s total, indicating that 2025 could see a sharp rise in venture funding for the defense tech sector.