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Anduril Industries Secures $2.5 Billion Series G at $30.5 Billion Valuation

Series G financing led by Founders Fund underscores investor faith in Anduril’s ability to ramp up production of AI-driven defense systems.

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Palmer Luckey, founder of Anduril Industries.
The Anduril logo is displayed at its stand at the Australian International Airshow in Avalon, Australia March 25, 2025. REUTERS/Hollie Adams/File Photo

Overview

  • Founders Fund led the Series G round with a $1 billion investment, marking its largest-ever check.
  • The funding was oversubscribed by more than eight times as demand outpaced the shares available.
  • Anduril doubled its revenue to $1 billion in 2024, driven by growing defense technology contracts.
  • The company assumed the U.S. Army’s $22 billion AR/VR headset program from Microsoft and struck a deal with Meta to develop the devices.
  • Anduril will remain private while it expands manufacturing capacity, including a new large-scale factory in Ohio.