Defense Tech Startup Anduril Raises $2.5 Billion, Doubles Valuation to $30.5 Billion
Summary
Defense tech startup Anduril raises $2.5 billion in Series G funding led by Founders Fund, doubling its valuation to $30.5 billion after revenue reached $1 billion and securing the U.S. Army's massive $22 billion AR/VR headset contract from Microsoft.
Key Points
- Anduril raises $2.5 billion in Series G funding led by Founders Fund's $1 billion investment, doubling its valuation to $30.5 billion
- The defense tech startup doubled its revenue to approximately $1 billion in 2024 and secured the U.S. Army's $22 billion AR/VR headset contract previously held by Microsoft
- The funding round was 8x oversubscribed as the company continues developing autonomous weapons and military software systems