Anduril

Industrial

Founded: 2017

Last Round Valuation: $10.0B

Anduril, headquartered in Costa Mesa, CA, is a defense technology developer that prioritizes the creation of consumer hardware and national-security software. Their approach involves combining off-the-shelf components with tailored engineering to bring products to the market quickly, affordably, and with enhanced efficiency. The company was established in 2017 by Brian Schimpf, Matthew Grimm, Palmer Luckey, Trae Stephens, and Joseph Chen.

Anduril Overview:

Anduril is a prominent developer of defense technology with a detailed focus on delivering cutting-edge consumer hardware and national-security software solutions. The company stands out by leveraging a unique approach that combines off-the-shelf components with customized engineering techniques. This strategy allows Anduril to bring their innovative products to market faster, at a reduced cost, and with enhanced effectiveness.

The company was founded in 2017 and is headquartered in Costa Mesa, California. The team behind Anduril comprises notable individuals in the industry, including Brian Schimpf, Matthew Grimm, Palmer Luckey, Trae Stephens, and Joseph Chen.

By incorporating off-the-shelf components, Anduril taps into the advancements and economies of scale achieved by the consumer electronics industry. This enables them to develop their defense technologies in a more cost-effective manner, eliminating the need for costly custom manufacturing processes from scratch. By doing so, Anduril can allocate more resources towards innovation, research, and development, ultimately leading to faster product iterations and improvements.

Furthermore, Anduril employs custom engineering techniques to tailor these off-the-shelf components specifically for defense applications. By integrating their own specialized software and firmware, they can optimize the performance, security, and compatibility of their products within the national-security landscape.

The company's portfolio encompasses a wide range of defense technology solutions, including advanced surveillance systems, autonomous drones, sophisticated AI-driven software platforms, and robust cybersecurity solutions. These products are designed to address the evolving challenges faced by military and government agencies, enabling them to enhance their operational capabilities, improve situational awareness, and bolster their overall security posture.

Anduril's emphasis on bringing products to market faster, cheaper, and more effectively provides a significant advantage in the defense industry. By leveraging off-the-shelf components alongside their expertise in custom engineering, the company has positioned itself as an agile and innovative player in the market, capable of rapidly responding to emerging threats and evolving customer requirements.

Founders:

  • Brian Schimpf

  • Matthew Grimm

  • Palmer Luckey

  • Trae Stephens

  • Joseph Chen

Top Investors:

  • Andreessen Horowitz

  • Founders Fund

  • 8VC

  • Valor Equity Partners

  • Elad Gil

  • Formic Ventures

  • Human Capital

  • Mark VC

  • Anorak Ventures

  • Elementum Ventures

Funding Rounds

Funding Rounds

Round Date Post Money Val Amount Raised Price per Share
Later Stage VC 2023-12-14 $10.00B
Series E 2022-12-01 $8.48B $1.48B $16.52
Series D 2021-06-16 $4.60B $450.00M $12.29
Series C 2020-06-30 $1.90B $200.00M $5.93
Series B 2019-09-10 $1.03B $126.60M $3.61
Series A 2018-05-17 $250.00M $41.00M $1.17
Seed Round 2017-08-24 $97.50M $17.50M $0.55

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