Anduril Industries
Software-first defense company building autonomous systems for the US and allies
SectorsDefense
Market Metrics
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
Updated at 2026-Q2
Funding History
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 |
Updated at 2026-Q2
Product Specifications
| 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 |
Updated at 2026-Q2
Partnerships & Investors
US ArmyCustomer
$20B IDIQ (Mar 2026); IVAS / Soldier Borne Mission Command; Next-Gen C2 ($100M Jul 2025)
US Air ForceCustomer
CCA Increment 1 (Fury / YFQ-44A); Roadrunner; Pulsar
US SOCOMCustomer
Pulsar 10-year IDIQ valued up to $1B
DIU / ReplicatorCustomer
Bolt-M and Roadrunner attritable systems
General AtomicsStrategic
CCA Increment 1 co-prime
MicrosoftStrategic
IVAS handover Feb 2025; Azure preferred cloud
RheinmetallStrategic
Barracuda cruise-missile co-production for Europe
Updated at 2026-Q2
Key Milestones
2017
Company Founded
Palmer Luckey, Trae Stephens, Brian Schimpf, Matt Grimm, Joe Chen launch Anduril
2019
Lattice Platform Released
AI-powered command + control software unifying sensor data
2021
DIU Counter-UAS Awards
Anvil counter-drone systems selected by Defense Innovation Unit
Dec 2023
Roadrunner Unveiled
Reusable VTOL counter-UAS interceptor and Roadrunner-M warhead variant
Apr 2024
CCA Increment 1 Won
Selected with General Atomics for Air Force Collaborative Combat Aircraft (YFQ-44A); Boeing/LMT/NOC eliminated
Aug 2024
Series F at $14B
$1.5B round co-led by Founders Fund + Sands Capital; funds Arsenal-1 hyperscale factory
Jan 2025
Arsenal-1 Site Selected
Anduril picks Columbus, Ohio for 5M sq ft autonomous-weapons megafactory
Feb 2025
Microsoft IVAS Takeover
Anduril takes over Microsoft's $22B Army IVAS production contract
Jun 2025
Series G at $30.5B
$2.5B round led by Founders Fund (largest check in firm's history)
Sep 2025
Soldier Borne Mission Command
$159M Army award for EagleEye prototypes (IVAS Next)
Oct 2025
EagleEye Unveiled
Modular AI-driven helmet/visor system shown at AUSA
Oct 2025
YFQ-44A First Flight
Fury CCA prototype achieves first flight under USAF Increment 1
Mar 2026
$20B Army IDIQ Contract
Up-to-$20B 10-year contract (consolidating 120+ procurement actions) for Anduril software, hardware, services
May 2026
Series H at $61B
$5B round led by Andreessen Horowitz and Thrive Capital roughly doubles the valuation in under a year
Updated at 2026-Q2