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.
Palmer Luckey, Founder, Anduril (Photo: Anduril)
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.
