CompanyVerified
Anduril Industries
Autonomy-first defense products company building hardware and the Lattice software platform.
Founded in 2017 by Palmer Luckey, Brian Schimpf, Trae Stephens, Matt Grimm, and Joe Chen, Anduril designs and manufactures autonomous defense systems — counter-UAS, surveillance towers, loitering munitions, and the Ghost Shark undersea vehicle — unified by its Lattice software platform. It holds the Army's Soldier-Borne Mission Command program (novated from Microsoft's IVAS contract in 2025) and leads the common-data-layer baseline for the Army's Next Generation Command and Control initiative. Recent expansion includes the YFQ-44A Fury CCA aircraft (production began July 2026), the Thunder attack rotorcraft co-developed with Archer Aviation, and acquisitions of American Infrared Solutions and ExoAnalytic Solutions.
Overview
- Headquarters
- Costa Mesa, CA
- Founded
- 2017
- Employees
- ~7,000-8,400 (aggregators vary, Mar 2026)
- Total funding
- $11.4B
- Valuation
- $61B (Series H, May 2026)
- Stage
- Late stage / pre-IPO
- Status
- active
- Domains
- Autonomous systems, Command & control, Counter-UAS
- www.linkedin.com/company/anduril
- X / Twitter
- x.com/anduriltech
- Website
- anduril.com
Founders5
- FounderPalmer LuckeyFounder of Anduril Industries and creator of the Lattice software-defined defense platform.
- FounderBrian SchimpfCo-Founder & CEO of Anduril Industries; former Palantir engineering director.
- FounderTrae StephensCo-Founder & Executive Chairman of Anduril Industries; Founders Fund partner.
- FounderMatt GrimmCo-Founder & COO of Anduril Industries; former Palantir forward-deployed engineer.
- FounderJoe ChenCo-Founder of Anduril Industries; former Oculus VR product lead.
Investors9
- FundFounders FundMulti-stage VC known for early bets on SpaceX, Palantir, and Anduril.
- FundAndreessen Horowitz (a16z) - American DynamismPractice within a16z investing in defense, aerospace, and national interest companies.
- FundValor Equity PartnersChicago growth-equity firm; led Anduril's Series E round.
- FundSands CapitalGrowth/venture investment firm; co-led Anduril's Series F round.
- FundThrive CapitalNYC growth-stage VC; Anduril investor since Series E, co-led Series H.
- FundLux CapitalScience and tech VC with deep defense portfolio, early Anduril backer.
- Fund8VCVC firm founded by Palantir co-founder Joe Lonsdale, active in defense technology.
- FundGeneral CatalystGlobal VC with dedicated defense and national security practice.
- FundD1 Capital PartnersNYC investment firm; participated in Anduril's Series D round.
Cap table6
Approximate ownership by holder. Indexed holders link to their records.
Raised per round
Valuation over time
Valuation: $61BRaised: $5B
Percentages marked ~ are not disclosed. Some are a generic VC-pattern model (founders/team weighted heaviest, option pool lightest, other holders evenly) sized to whatever's left undisclosed — a standard industry shape, not this company's actual cap table.
| Holder | Instrument | Ownership |
|---|---|---|
Founders & early team (ex-Luckey) | Common | ~7.7% |
Palmer Luckey (Founder) | Common | ~7.7% |
Franklin Venture Partners | Preferred (carried forward) | ~5.1% |
Altimeter Capital | Preferred (carried forward) | ~5.1% |
Counterpoint Global | Preferred (carried forward) | ~5.1% |
Baillie Gifford | Preferred (carried forward) | ~5.1% |
Fidelity Management & Research Company | Preferred (carried forward) | ~5.1% |
| Preferred (carried forward) | ~5.1% | |
| Preferred (carried forward) | ~5.1% | |
Elad Gil (Lead Investor) | Preferred (carried forward) | ~5.1% |
Human Capital | Preferred (carried forward) | ~5.1% |
| Preferred (carried forward) | ~5.1% | |
| Preferred (carried forward) | ~5.1% | |
| Preferred (carried forward) | ~5.1% | |
| Preferred (carried forward) | ~5.1% | |
| Preferred (carried forward) | ~5.1% | |
Andreessen Horowitz (a16z)Reinvested | Preferred (Series H, Co-Lead) | ~5.1% |
Thrive CapitalReinvested | Preferred (Series H, Co-Lead) | ~5.1% |
Employee option pool | Options | ~2.6% |
Contracts17
- ContractAltius 600M-V Loitering Munition ProductionNavy contract for Anduril Altius 600M-V loitering munition production and delivery.
- ContractArmy Enterprise Contract for LatticeEnterprise-wide agreement for Anduril Lattice AI platform across Army modernization programs.
- ContractCDAO Edge Data Integration Services OTAPentagon CDAO production OTA for Anduril edge data mesh integration services.
- ContractGolden Dome Missile Defense SubcontractAnduril role as a subcontractor on the Golden Dome missile defense architecture.
- ContractMADIS Counter-Electronics SystemMarine Corps contract for non-kinetic counter-UAS electronic warfare effectors.
- ContractRoadrunner / Pulsar Air Defense OTAAir Force OTA for Anduril Roadrunner autonomous air defense system and Pulsar effector.
- ContractSpace Surveillance Network Mesh IntegrationSpace Force contract for Anduril mesh networking on space surveillance sensors.
- ContractAFWERX Thunderdome SBIR Phase IIIAir Force AFWERX contract for Anduril Lattice rapid prototyping projects.
- ContractUSMC Integrated C-sUAS IDIQIndefinite-delivery contract for Marine Corps counter-UAS systems and integration.
- ContractCounter-UAS Sensor & Effector AwardProduction award for fixed-site counter-small-UAS sensors and effectors.
- ContractRobotic Combat Vehicle (RCV) Software ArchitectureArmy/DIU award for Anduril to develop Robotic Combat Vehicle software architecture.
- ContractXL-AUV / Dive-XL Prototype (Combat Autonomous Maritime Platform Project)DIU/Navy selection of Anduril's Dive-XL for the Combat Autonomous Maritime Platform Project.
- ContractSoldier-Borne Mission Command (SBMC) Prototype OTAArmy OTA for Anduril's Soldier-Borne Mission Command prototype headset.
- ContractGhost Shark XL-AUV Program of RecordRoyal Australian Navy program of record for Anduril's Ghost Shark XL-AUV fleet.
- ContractFAMM Framework Agreement — Barracuda-500FAMM framework agreement for Anduril's Barracuda-500 cruise missile.
- ContractNGC2 Prototype OTA (Team Anduril)$99.6M Army OTA awarded to Team Anduril in July 2025 to build a prototype Next Generation Command and Control (NGC2) architecture for the 4th Infantry Division — the precursor to Anduril's later $20B NGC2 enterprise role.
- ContractCCA Increment 1 Production Contract (YFQ-44A Fury)USAF production contract awarded to Anduril for the first 150 Collaborative Combat Aircraft (Increment 1), covering the YFQ-44A Fury; first aircraft rolled off Anduril's Ohio line in July 2026.
Programs6
- ProgramRapid Defense Experimentation ReserveJoint experimentation effort accelerating cross-domain capabilities to fielding.
- ProgramAdvanced Battle Management SystemAir Force contribution to joint all-domain command and control.
- ProgramIntegrated Visual Augmentation System / Soldier-Borne Mission Command (SBMC)U.S. Army soldier-worn XR program, novated from Microsoft to Anduril in 2025.
- ProgramRapid Experimental Missionized Autonomy (REMA)DARPA program adding mission autonomy to commercial/small military drones.
- ProgramCollaborative Combat AircraftUSAF's next-generation autonomous fighter drones flying alongside manned aircraft.
- ProgramNext Generation Command and Control (NGC2)U.S. Army initiative to replace legacy tactical command-and-control systems with a common-data-layer architecture, now scaling beyond its initial pilot units.
Frequently asked
- What does Anduril Industries do?
- Founded in 2017 by Palmer Luckey, Brian Schimpf, Trae Stephens, Matt Grimm, and Joe Chen, Anduril designs and manufactures autonomous defense systems — counter-UAS, surveillance towers, loitering munitions, and the Ghost Shark undersea vehicle — unified by its Lattice software platform. It holds the Army's Soldier-Borne Mission Command program (novated from Microsoft's IVAS contract in 2025) and leads the common-data-layer baseline for the Army's Next Generation Command and Control initiative. Recent expansion includes the YFQ-44A Fury CCA aircraft (production began July 2026), the Thunder attack rotorcraft co-developed with Archer Aviation, and acquisitions of American Infrared Solutions and ExoAnalytic Solutions.
- Where is Anduril Industries headquartered?
- Anduril Industries is headquartered in Costa Mesa, CA and was founded in 2017.
- How much funding has Anduril Industries raised?
- Anduril Industries has raised $11.4B in disclosed funding, at a most recent valuation of $61B (Series H, May 2026).
- What does Anduril Industries specialize in?
- Anduril Industries works across Autonomous systems, Command & control, Counter-UAS.
- Does Anduril Industries hold government contracts?
- Defense Tech Atlas links Anduril Industries to 17 government contracts and 6 programs.
Sources & citations27
27 sources behind every claim
Every data point on this record is backed by a cited public source. Request Pro access to see them and verify each claim yourself.