Anduril secures $30.5 billion valuation in latest fund raise

Anduril Industries, the defense technology company founded by Palmer Luckey, has raised $2.5 billion in a Series G funding round, elevating its valuation to $30.5 billion—more than doubling its previous valuation of $14 billion from the prior year. The round was led by Founders Fund, which contributed $1 billion, marking its largest single investment to date, with participation from existing investors including Andreessen Horowitz, General Catalyst, Lux Capital, and Altimeter. The capital infusion will support Anduril’s expansion in autonomous defense systems, including drones and surveillance technologies, and bolster its position in securing government contracts, as evidenced by its recent partnership with Palantir Technologies.