Anduril Industries, co-founded by Palmer Luckey in 2017, is a defense technology company focused on delivering autonomous systems and AI software, powered by its Lattice OS, to the US and allied militaries. Its financial growth is marked by frequent, high-value funding rounds that significantly increase its private market valuation.

• Valuation Jump (Series D): In June 2021, Anduril raised $450 million in a Series D round, confirming a post-money valuation of $4.6 billion.

• Valuation Jump (Series E): By December 2022, the company secured $1.48 billion in Series E funding, nearly doubling its valuation to $8.5 billion.

  Valuation Jump (Series F): In August 2024, Anduril raised $1.5 billion in Series F funding, which brought its confirmed valuation to $14 billion.

• Revenue Milestone: The company publicly reported that its annual revenue for 2024 reached approximately $1 billion, nearly doubling its performance from the prior year.

• Latest Confirmed Valuation (Series G): In June 2025, Anduril closed a $2.5 billion Series G funding round, led by Founders Fund. This investment officially propelled its valuation to $30.5 billion, more than doubling it from the previous year.

• Total Capital Raised: The company has raised over $6.26 billion in total funding since its founding.

Anduril's strategy of selling its products as commercial items with fixed pricing, rather than the government's traditional "cost-plus" model, allows it to achieve high gross margins (reported at 40-50%)—significantly better than legacy defense contractors. The new capital is being used to fund major programs, including the construction of a $1 billion autonomous weapons manufacturing facility, Arsenal-1, in Ohio.