SPACE & DEFENSE

Anduril Raises $2.5 Billion in Oversubscribed Round Led by Founders Fund

The defense tech firm doubles valuation to $30.5 billion as it capitalizes on major military contracts and surging investor demand.

By Donna Joseph
June 7, 2025 3:51 AM Updated June 10, 2025
Anduril Raises $2.5 Billion in Oversubscribed Round Led by Founders Fund Photo by SBR

COSTA MESA, Calif., June 6, 2025 — Defense technology startup Anduril has raised $2.5 billion in a Series G funding round led by Founders Fund, which contributed $1 billion — the largest investment in the firm’s history.

The round was heavily oversubscribed, with existing investors also participating, according to an Anduril spokesperson. The new capital pushes the company’s valuation to $30.5 billion, doubling it from the previous round.

Founded by Palmer Luckey, Anduril designs and builds autonomous weapon systems along with the software that powers them. The company reported doubling its revenue in 2024, reaching approximately $1 billion — a key driver behind the investor interest.

Anduril’s momentum has been further fueled by a major contract reassignment from the U.S. Army. In February, the military moved its augmented and virtual reality headset project from Microsoft to Anduril. The $22 billion initiative is intended to modernize combat training and battlefield awareness.

The shift in government support prompted an unlikely partnership. Last week, Luckey publicly reconciled with his former employer Meta, as the two companies announced they would co-develop devices for the Army’s program.

“This is the biggest check we’ve ever written,” said Trae Stephens, Anduril’s executive chair and co-founder, in an interview with Bloomberg Television. Stephens is also a partner at Founders Fund.

Anduril plans to use the funds to accelerate product development, grow its engineering team, and deepen its engagement with U.S. and allied defense programs. The company’s positioning at the intersection of defense, AI, and autonomy continues to draw interest from both investors and policymakers.

This is the biggest check we have ever written.


What To Read Next

Zoox Refreshes Purpose-Built Robotaxi with Passenger Upgrades Ahead of Commercial Service

Zoox Refreshes Purpose-Built Robotaxi with Passenger Upgrades Ahead of Commercial Service

The vehicle refresh comes as Zoox moves nearer to revenue-generating operations. The company currently offers free rides in San Francisco and Las Vegas while seeking federal approval for commercial deployment.
Fika Jobs Bets on Video-First Hiring, Raises $4 Million
The Stockholm-based startup has secured fresh funding to expand a recruitment platform where AI agents conduct interviews and video profiles help employers evaluate candidates beyond traditional resumes.
How US Mobile Challenges Traditional Wireless Industry Norms
Multi-network access, customizable plans, and digital-first service have helped US Mobile carve out a distinct place in the U.S. wireless sector.

Business