Overview

• A $2.5 billion Series G round led by Founders Fund more than doubles Anduril’s valuation to $30.5 billion in under a year.
• Founder and CEO Palmer Luckey says the company will become publicly traded to compete for larger trillion-dollar defense contracts.
• Anduril is investing roughly $1 billion in its Arsenal-1 facility in Ohio to ramp up production of drones, sensors and augmented-reality headsets.
• The company took over Microsoft’s $22 billion Integrated Visual Augmentation System program and is developing AR headsets with Meta for the U.S. Army.
• Anduril has partnered with OpenAI on AI-driven counter-unmanned aircraft systems and will use funding to expand operations in Europe and Australia.