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Anduril IndustriesSoftware-first defense company building autonomous systems for the US and allies
Valuation (May 2026 Series H)
$61B
doubled from $30.5B (Jun 2025)
Total Raised
~$11.35B
Across 9 priced rounds
Revenue (2025)
~$2.15B
+115% YoY; ~$2.24B forecast 2026
US Army IDIQ
up to $20B / 10-yr
Mar 2026; consolidates 120+ procurement actions
Total raised: ~$11.35B · Latest valuation: $61B
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Seed | Aug 2017 | $17.5M | - | Founders Fund |
| Series A | Jun 2018 | $41M | - | Founders FundSV AngelHuman Capital |
| Series B | Sep 2019 | $120M | $1B+ | Founders FundGeneral CatalystAndreessen Horowitz8VC+1 more |
| Series C | Jul 2020 | $200M | $1.9B | Andreessen Horowitz8VCFounders Fund |
| Series D | Jun 2021 | $450M | $4.6B | Elad GilAndreessen Horowitz |
| Series E | Dec 2022 | $1.48B | $8.48B | Valor Equity PartnersFounders FundAndreessen Horowitz |
| Series F | Aug 2024 | $1.5B | $14B | Founders FundSands CapitalFidelity |
| Series G | Jun 2025 | $2.5B | $30.5B | Founders Fund |
| Series H | May 2026 | $5B | $61B | Andreessen Horowitz (lead)Thrive CapitalFounders Fund |
| System | Type | Status |
|---|---|---|
| Lattice | AI command + control software | Production |
| Ghost UAS | Vertical-takeoff ISR drone | Production |
| Bolt / Bolt-M | Loitering munition | Production (Replicator) |
| Barracuda | Air-breathing autonomous cruise missile family | Production |
| Roadrunner / Roadrunner-M | Reusable VTOL counter-UAS interceptor | Production |
| Anvil | Hard-kill counter-drone | Production |
| Sentry Tower | Autonomous surveillance + 5G tower | Production |
| Pulsar | Electronic warfare / RF sensing family | Production (SOCOM IDIQ) |
| Fury (YFQ-44A) | CCA collaborative combat aircraft | Flight test (USAF Increment 1) |
| EagleEye | AI mixed-reality soldier helmet (IVAS Next) | Prototype (Army SBMC) |
| Dive-LD | Large-diameter undersea autonomy | Production |
| Seabed Sentry | Subsea AI sensor network | Production |
$20B IDIQ (Mar 2026); IVAS / Soldier Borne Mission Command; Next-Gen C2 ($100M Jul 2025)
CCA Increment 1 (Fury / YFQ-44A); Roadrunner; Pulsar
Pulsar 10-year IDIQ valued up to $1B
Bolt-M and Roadrunner attritable systems
CCA Increment 1 co-prime
IVAS handover Feb 2025; Azure preferred cloud
Barracuda cruise-missile co-production for Europe
Palmer Luckey, Trae Stephens, Brian Schimpf, Matt Grimm, Joe Chen launch Anduril
AI-powered command + control software unifying sensor data
Anvil counter-drone systems selected by Defense Innovation Unit
Reusable VTOL counter-UAS interceptor and Roadrunner-M warhead variant
Selected with General Atomics for Air Force Collaborative Combat Aircraft (YFQ-44A); Boeing/LMT/NOC eliminated
$1.5B round co-led by Founders Fund + Sands Capital; funds Arsenal-1 hyperscale factory
Anduril picks Columbus, Ohio for 5M sq ft autonomous-weapons megafactory
Anduril takes over Microsoft's $22B Army IVAS production contract
$2.5B round led by Founders Fund (largest check in firm's history)
$159M Army award for EagleEye prototypes (IVAS Next)
Modular AI-driven helmet/visor system shown at AUSA
Fury CCA prototype achieves first flight under USAF Increment 1
Up-to-$20B 10-year contract (consolidating 120+ procurement actions) for Anduril software, hardware, services
$5B round led by Andreessen Horowitz and Thrive Capital roughly doubles the valuation in under a year
Founded 2017 by Palmer Luckey. Builder of autonomous defense systems via Lattice software platform: Ghost UAS, Bolt loitering munitions, Anvil counter-drone, Roadrunner, Dive-LD undersea autonomy, Fury CCA (collaborative combat aircraft). $5B Series F at $40B+ valuation Dec 2025. ~$1.5B revenue 2025 (estimated). Won CCA Increment 1 (with General Atomics) over Boeing/LMT/NOC in Apr 2024. Anduril Industries was founded in 2017, is headquartered in Costa Mesa, CA and employs ~7,000.
Anduril Industries has raised ~$11.35B in total at a $61B valuation, based on the funding rounds Sterling tracks.
Sterling groups Anduril Industries in the Defense sector, alongside Palantir Technologies (PLTR), Shield AI (SHIELD-AI), Kratos Defense (KTOS), AeroVironment (AVAV), Saronic Technologies (SARONIC) and Helsing (HELSING).
If you are researching Anduril Industries, also look at Palantir Technologies (PLTR), Kratos Defense (KTOS) and AeroVironment (AVAV). You can compare all of them side by side or browse the full Defense sector on Sterling.
