HomeTechnologyVirtual RealityDefense technology startup Anduril raises $1.48B in funding

Defense technology startup Anduril raises $1.48B in funding

Anduril Industries Inc., a defense technology startup launched in 2017 by Oculus VR Inc. founder Palmer Luckey, has raised a $1.48 billion funding round.

The Series E round values ​​Anduril at $8.48 billion, Axios reported Today. Valor Equity Partners led the investment. It was joined by more than a dozen other investors, including Founders Fund, Andreessen Horowitz, General Catalyst, and Lightspeed Ventures.

Reports of Anduril’s latest funding round emerged for the first time in May. Previously, the company went public last June Closed a $450 million Series D financing round. Anduril has raised a total of $1.9 billion from investors since its launch Crunchbase.

Anduril was launched in 2017 by Palmer Luckey, the founder of virtual reality headset maker Oculus VR. It was acquired by Meta Platforms Inc., then Facebook Inc., in 2014 for $2 billion. The technology Meta acquired through acquisition later became part of its metaverse company, which makes virtual reality headsets and related software products.

The company develops defense systems for the US and allied nations. Its products Reportedly range from surveillance towers to drones. It also sells a software platform called Lattice that can collect sensor data from multiple defense systems and make it available to military personnel through a centralized interface.

The software market is a particularly important area of ​​focus for Anduril. According to the Financial timesmost of its engineers work on its Lattice platform.

In February, the company expanded its focus to naval vessels acquire Dive Technologies Inc., a startup focused on developing autonomous underwater vehicles. A few months later, the time has come receive a $100 million contract to develop three prototype robotic submarines for the Royal Australian Navy.

Anduril has also won several other defense contracts since its launch. The start-up will start in January Reportedly won a nearly $1 billion contract to provide counter drone equipment and software to the US Special Operations Command. Anduril’s counter-drone technology has also been purchased by the Defense Innovation Unit of the United States Department of Defense.

The Financial Times reported today Anduril generates “hundreds of millions of dollars” in annual revenue. The startup is reportedly working with multiple branches of the US military as well as half a dozen allied countries.

According to Axios, Anduril’s latest $1.48 billion is the second largest funding of the year after SpaceX Corp.’s $1.725 billion investment. Reportedly May closed. The latest investment would have valued SpaceX at about $127 billion. Also in May, SpaceX held a secondary sale with existing investors and employees selling $750 million worth of stock.

Photo: Anduril Industries

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