Private Company
Company Overview
Anduril Industries Inc · Costa Mesa, California · Founded 2017 · ~7,000 employees
Latest Valuation
$30.5B
Series G · Jun 2025 · $2.5B raised
Overview
Company Overview Private Company
Anduril Industries develops autonomous defense systems spanning air, land, sea, and undersea missions. The company sells command-and-control software, counter-drone systems, loitering munitions, autonomous aircraft, and maritime surveillance products to the US government and allied defense customers.
Company Info
DomicileUnited States
IncorporatedUnited States
Incorporated Date04/20/2017
Last FinancingSeries G
Last Round Date06/2025
Management
Trae StephensChairman
Brian SchimpfCEO
Palmer LuckeyFounder
Babak SiavoshyCFO
Subsidiaries
Anduril Industries IncRLS
Blue Force Technologies Inc
Adranos Inc
Copious Imaging LLC
News Research News | Documents | Research
News CN
| Headline | Src | Date |
|---|---|---|
| Massive Anduril weapons plant preps for production | Axios | 03/23/26 |
| A turning point at the Pentagon: Anduril's new mega-deal rewrites the rules for Silicon Valley and raises new risks | Fortune | 03/22/26 |
| Anduril Bets on Simple Factory to Mass-Produce Uncrewed Fighters | Bloomberg | 03/20/26 |
| High-speed combat drone production starts at new US Anduril plant in days | Reuters | 03/19/26 |
Documents Press releases
| Type / Prov. | Document | Date |
|---|---|---|
| Press Release Anduril |
COBBS, Anduril, and Nokia Join Forces to Accelerate Sovereign Counter-Drone Capability in Belgium | 03/13/26 |
| Press Release Anduril |
DIU and U.S. Navy Select Anduril for XL-AUV Program | 03/12/26 |
| Press Release Anduril |
Anduril Reaches Agreement to Acquire ExoAnalytic Solutions to Accelerate Space Domain Awareness and Missile Defense Capabilities | 03/11/26 |
Research CBI
| Type | Research | Date |
|---|---|---|
| Sector Report | The military-startup complex: How Silicon Valley is reshaping the defense industry | 09/29/25 |
| Market Map | The drone tech market map | 08/27/25 |
| Strategy Map | Building the autonomous battlefield: How Anduril is industrializing AI warfare | 05/21/25 |
Financials
Financial Metrics Financial Period End | 2025 ACBI
| Financial Metric | |
|---|---|
| Revenue | N.A. $2.0B |
| Revenue Growth | N.A. +100% |
| Net Income | N.A. |
| Total Assets | N.A. |
| Profit Margin | N.A. |
| Revenue / Employee | N.A. $286K |
Revenue Estimates
Estimated annual revenue trajectory
Revenue Estimate - USD
YoY Growth (FY2025): +100%
Revenue Multiple (FY25): 15.25x
Predictive Intelligence
Outlook Mosaic | Signals
Company Outlook
CBI
915/1000
Overall
Momentum931
Financial Strength989
Market795
Management686
Signals CBI
Commercial MaturityLevel 5 - Established
Market PresenceMajor - 15 tracked markets
Recent FundingSeries G · Jun 2025
Revenue Estimate$2.0B
Signals: Well-funded · Experienced leadership · Growing team · Strong online presence · Active acquisition strategy
Exit Probabilities 2-Year
58.33%
IPO Probability
99.95th percentile
0.54%
M&A Probability
0.02nd percentile
Hiring & Headcount Growth Signals
| Signal | Value |
|---|---|
| Headcount | ~7,000 (Nov 2025) |
| YoY Headcount Growth | +79-80% |
| Mosaic Signal | Growing Team |
| Arsenal-1 (Ohio) | +4,000 planned hires · Production Jul 2026 |
| UK Office | 100+ employees (from ~20 in 2024) |
| Key Hiring Areas | Engineering, Manufacturing, Government Relations |
Key Business Relationships Clients | Partners
| Entity | Type | Date | Program / Note |
|---|---|---|---|
| U.S. Army | Client | 03/2026 | Lattice-enabled defense systems |
| Royal Australian Navy | Client | 10/2025 | Ghost Shark autonomous undersea vehicle |
| Boeing | Partner | 12/2025 | Fury / collaborative combat aircraft |
| EDGE (UAE) | JV Partner | 11/2025 | Regional autonomous systems partnership |
| HD Hyundai Heavy Industries | Partner | 11/2025 | Maritime autonomy collaboration |
| RTX (Raytheon) | Partner | 10/2025 | Air and missile defense integration |
Relationship Insights CBI
U.S. Army
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U.S. Army
U.S. Army awards Anduril $20 billion contract through 2036 to integrate AI systems using Lattice software platform
- U.S. Army contracted Anduril to unify commercial and defense AI solutions into a single ecosystem using Anduril's Lattice software suite and hardware infrastructure.
- The 10-year contract runs through March 2036 with a $20 billion ceiling, with specific work locations and funding determined per individual order.
- Anduril's partnership with Palantir creates an integrated defense tech ecosystem where Lattice handles real-time tactical data while Palantir's AI platform manages large-scale data modeling and theater-level command.
Defense Innovation Unit
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Defense Innovation Unit
Defense Innovation Unit selects Anduril for autonomous submarine program, positioning defense tech company for potential Navy fleet deployment
- Defense Innovation Unit selected Anduril through competitive process for Combat Autonomous Maritime Platform Project to advance autonomous undersea warfare capabilities.
- Anduril must demonstrate its Dive-XL autonomous underwater vehicle prototype within four months of contract award, with existing fleet having logged 42,355 kilometers and 6,752 mission hours.
- Program creates pathway for Navy to experiment with extra-large autonomous underwater vehicles at scale and establishes foundation for potential future fleet-wide deployment across contested maritime environments.
ISS Aerospace
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ISS Aerospace
Anduril and ISS Aerospace integrate WASP launched effect into Lattice platform in one-day test, enabling coordinated drone operations for UK defense
- Anduril and ISS Aerospace successfully integrated ISS Aerospace's WASP multi-mission launched effect into Anduril's Lattice software platform and validated the integration with a flight test at ISS Aerospace's Oxford facility in February 2026.
- The integration was completed in one day due to WASP's open architecture design, with WASP serving as a shorter-range complement to Anduril's existing Altius launched effect and enabling coordinated massed operations across ISR, counter-UAS, and strike missions.
- The companies plan to continue joint validation campaigns for ground and air launch while advancing effector payload modularity, strengthening UK sovereign defense capabilities and industrial base investment in launched effectors.
Dirac
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Dirac
Anduril selects Dirac as core manufacturing infrastructure partner in multi-year deal, achieving 87.5% reduction in work instruction authoring time
- Anduril chose Dirac over internal development and incumbent enterprise solutions for AI-driven work instruction authoring across its manufacturing operations in a multi-year partnership deal.
- The deployment reduced work instruction authoring time from 12 hours to 90 minutes, freeing over 100 manufacturing engineers who previously spent 50% of their time on manual authoring and updates.
- Anduril plans to expand Dirac's BuildOS across additional manufacturing programs with deeper integrations, positioning it as a core enabler of Arsenal OS, Anduril's digital manufacturing software ecosystem.
Funding History
Financing Financing Timeline | MA MDL
Financing Timeline
Funding round size, cumulative capital raised, and deal count by year
Size of Funding Round - USD
Deal Count
Last round: $2.5B
Total raised: $6.34B
Deal count: 11
Total raised: $6.34B
Deal count: 11
Valuation Timeline
Post-money valuation by financing event
Post-Money Valuation - USD
Investors Current investors | Funds
| Investor | Rounds | Date of First Inv. |
|---|---|---|
| Founders Fund | Seed, A, C-G | 10/2017 |
| Andreessen Horowitz | B-E | 09/2019 |
| General Catalyst | B-E | 09/2019 |
| Valor Equity Partners | D-E | 06/2021 |
| Sands Capital | F | 08/2024 |
| Investor | Lead / Note | Status |
|---|---|---|
| Founders Fund | Lead across Seed, A, C-G | Active |
| Elad Gil | Lead in Series D | Active |
| Fidelity Investments | Joined Series F | Active |
| T. Rowe Price | Joined Series G | Active |
Deal Insights CBI
Key themes across Anduril's 13 fundings
Anduril has transformed from a border surveillance startup to a defense technology prime contractor, achieving 20x revenue growth to $2B annually while scaling from $1B to $30.5B valuation through systematic development of autonomous military systems and manufacturing capabilities. The company's recent wins, including the $22B Army AR/VR program, combined with oversubscribed funding rounds and the first public company treasury investment, demonstrate institutional confidence in their ability to compete with traditional defense contractors while expanding into space-based threats and civilian infrastructure applications.
Corporate Minority
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Corporate Minority
Anduril gains first public company strategic investor as defense tech convergence accelerates
Anduril received a $30 million corporate minority investment from AlphaTON Capital Corp, making AlphaTON the first publicly traded company to hold Anduril equity in its treasury reserves.
- AlphaTON plans to launch a $100 million tokenized fund via Telegram mini-app specifically for continued Anduril share accumulation, signaling sustained institutional interest in the defense tech company.
- The investment positions Anduril at the center of converging defense technology trends including autonomous systems, AI-driven platforms, and military-grade hardware that extend beyond traditional defense into infrastructure resilience and data sovereignty.
- AlphaTON's CEO characterized Anduril's technologies as foundational infrastructure for next-generation security, suggesting the company's military-grade capabilities have broader civilian and commercial applications.
Series G
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Series G
Anduril positioned to scale autonomous weapons production and capture defense contracts after doubling revenue
Anduril completed a Series G round that raised $2.5 billion at a $30.5 billion post-money valuation, more than doubling from its previous $14 billion valuation.
- Anduril doubled revenue to approximately $1 billion in 2024, demonstrating strong commercial traction in the defense tech sector.
- The company secured the U.S. Army's AR/VR headset contract with a $22 billion budget, reassigned from Microsoft in February 2025.
- The funding round was 8x oversubscribed with Founders Fund leading a $1 billion investment, their largest check ever, while existing investors increased commitments.
Series F
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Series F
Anduril invests in scalable autonomous military systems production
Anduril raised $1.5 billion for its Series F round, valuing the company at $14 billion.
- Anduril plans to use the funds to develop Arsenal, a new manufacturing platform, and construct the Arsenal-1 factory.
- The Arsenal-1 factory aims to produce tens of thousands of autonomous military systems annually, enhancing production efficiency and scalability.
- The funding highlights a shift in defense production, focusing on autonomous systems and AI to address vulnerabilities exposed by recent conflicts.
M&A/Investments
Deals Deal Breakdown | Latest Deals
Deal Breakdown | Target Region
All30.0M9
North America30.0M8
Europe--1
Deal Breakdown | Target Sector
All30.0M9
Industrials30.0M6
Technology--2
Defense Services--1
| Latest Deals (Showing 5 of 9 deals) | |||||||
|---|---|---|---|---|---|---|---|
| Announced | Type | Target | Acquirer | Payment | Deal Value | Cur | Status |
| 03/11/2026 | M&A | ExoAnalytic Solutions Inc | Anduril Industries Inc | Undisclosed | -- | USD | Pending |
| 05/05/2025 | M&A | Klas Group Holdings Ltd | Anduril Industries Inc | Undisclosed | -- | USD | Completed |
| 01/10/2025 | M&A | Numerica Corp | Anduril Industries Inc | Cash | -- | USD | Completed |
| 09/07/2023 | M&A | Blue Force Technologies Inc | Anduril Industries Inc | Undisclosed | -- | USD | Completed |
| 06/15/2023 | M&A | Adranos Inc | Anduril Industries Inc | Cash | 30.0M | USD | Completed |
Acquisition Insights CBI
ExoAnalytic Solutions
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ExoAnalytic Solutions
Anduril absorbs space surveillance firm's telescope network and algorithms to compete for Golden Dome defense contracts
Anduril Industries acquired ExoAnalytic Solutions in an undisclosed deal.
- The acquisition more than doubles Anduril's space-focused workforce from 120 to 250 employees and adds ExoAnalytic's global network of 400 telescopes for tracking orbital objects.
- ExoAnalytic will be directly integrated into Anduril rather than operated as a separate subsidiary, though it will continue serving existing external customers.
- The deal positions Anduril to compete for contracts supporting Trump's Golden Dome missile defense system, which requires thousands of satellites for missile tracking and targeting.
American Infrared Solutions
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American Infrared Solutions
Anduril vertically integrates critical infrared supplier and enters merchant component market
Anduril Industries acquired American Infrared Solutions, a US-based manufacturer of high-performance cooled infrared cameras and components, with deal terms not disclosed.
- Anduril executed a vertical integration strategy by acquiring a multi-year supplier of critical infrared technology used across its air, space, ground, and sea product portfolio.
- The acquisition transforms Anduril into a merchant supplier of cooled infrared cameras and components to the broader defense, space, and commercial markets beyond its own systems.
- AIRS technology will be integrated deeper into Anduril's existing sensing systems including Iris airborne targeting sensors and Wisp AI-enabled imaging systems.
Klas
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Klas
Anduril integrates Klas tech to enhance autonomous warfare systems
The company Klas has been acquired by Anduril.
- Anduril acquired Klas to enhance its autonomous warfare system capabilities with Klas's ruggedized edge computing and communications equipment.
- Klas's technology is intended to bolster Anduril's flagship Lattice software used for integrating AI and sensor systems in military applications.
- Klas, which will operate from Ireland and the U.S., plays a role in the military's IVAS systems, an area where Anduril expects to grow.
Numerica - Radar and Command and Control
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Numerica - Radar and Command and Control
Anduril brings radar development in-house through Numerica acquisition to scale defense manufacturing
Anduril acquired Numerica Corporation's radar and command and control business units, with no deal amount disclosed.
- The acquisition brings radar development capabilities in-house for Anduril, adding to its existing sensor portfolio of Wisp, Pulsar and Iris systems.
- Numerica's Spyglass and Spark radars are actively deployed by the US Department of Defense for short-range air defense and vehicle protection missions.
- Anduril plans to manufacture the acquired radar products at its Arsenal-1 hyperscale factory as production scales up, integrating Numerica's Mimir command and control software into its Lattice AI platform.