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
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
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
Anduril raised $1.5B in Series F at a $14B valuation
CNBC: Defense tech start-up Anduril Industries raises $1.5 billion, now valued at $14 billionVerified2024-08-08 - 2
Lattice platform underpins autonomy product line
Anduril: Lattice - Mission AutonomyVerified2025-01-01 - 3
Raised $5B Series H at $61B valuation in May 2026; $11.4B total funding; led by a16z and Thrive Capital
Crunchbase News: Anduril Raises Another $5B As Defense Tech Startups Shatter Funding RecordsVerified2026-05-13 - 4
Palmer Luckey owns ~12% of Anduril, implied by Forbes' net worth estimates of $3.5B+ (Feb 2026) and Anduril's $30.5B+ valuation
Forbes: Palmer Luckey Profile - Forbes Real-Time BillionairesReported2026-02-01 - 5
Valor Equity Partners led a $1.48B Series E round in December 2022, valuing Anduril at $8.48B; participants included Andreessen Horowitz, Founders Fund, 8VC, General Catalyst, Lux Capital, and Thrive Capital
Anduril: Anduril Raises $1.48 Billion in Series E FundingVerified2022-12-01 - 6
Secondary confirmation of Series E: $1.48B led by Valor Equity Partners at $8.48B valuation
Axios: Defense startup Anduril raises $1.48 billion in Series E fundingVerified2022-12-02 - 7
Sands Capital and Founders Fund co-led Anduril's $1.5B Series F round in August 2024 at a $14B valuation
Crunchbase News: Anduril Industries Valued At $14B After $1.5B Series FVerified2024-08-08 - 8
Founders Fund led Anduril's $2.5B Series G round in June 2025 at a $30.5B valuation, with a $1B check — the largest single investment in Founders Fund's history
TechCrunch: Anduril raises $2.5B at $30.5B valuation led by Founders FundVerified2025-06-05 - 9
In April 2025 the U.S. Army approved novating Microsoft's 10-year, $22B IVAS contract to Anduril; the program was subsequently renamed Soldier-Borne Mission Command (SBMC)
Microsoft (Official): Anduril and Microsoft partner to advance Integrated Visual Augmentation System (IVAS) program for the U.S. ArmyVerified2025-02-11 - 10
Anduril and Meta announced a partnership on May 29, 2025 to design, build, and field integrated XR products (codename 'Eagle Eye') for U.S. warfighters
Anduril: Anduril and Meta Team Up to Transform XR for the American MilitaryVerified2025-05-29 - 11
Anduril acquired American Infrared Solutions (AIRS) in October 2025 to bring cooled-IR camera manufacturing in-house
Air & Space Forces Magazine: Anduril Bolstering Space Portfolio by Buying Sensing FirmReported2025-10-01 - 12
Anduril acquired space intelligence company ExoAnalytic Solutions in March 2026, doubling the size of its space unit, combining autonomy/C2 tech with ExoAnalytic's sensing and data analytics
Bloomberg: Anduril To Double Size of Space Unit With Defense AcquisitionVerified2026-03-11 - 13
Lux Capital, 8VC, and General Catalyst all participated in Anduril's $1.48B Series E round (December 2022)
Anduril: Anduril Raises $1.48 Billion in Series E FundingVerified2022-12-01 - 14
Anduril's $450M Series D round (June 2021, $4.6B valuation) was led by angel investor Elad Gil, with participation from Andreessen Horowitz, Founders Fund, 8VC, General Catalyst, Lux Capital, Valor Equity Partners, and D1 Capital Partners
TechCrunch: Anduril raises $450M as the defense tech company's valuation soars to $4.6BVerified2021-06-17 - 15
Founders Fund and Sands Capital co-led Anduril's $1.5B Series F round (Aug 2024); new investors Fidelity Management & Research Company, Counterpoint Global, and Baillie Gifford joined, alongside existing investors Altimeter Capital and Franklin Venture Partners
GovConWire: Anduril Closes $1.5B Series F Funding Round to Open Defense Production Facility 'Arsenal-1'Verified2024-08-07 - 16
Secondary confirmation of Series F participants: Fidelity Management & Research Company, Counterpoint Global, Baillie Gifford (new), Altimeter, Franklin Venture Partners (existing)
The SaaS News: Anduril Raises $1.5 Billion in Series FVerified2024-08-08 - 17
Andreessen Horowitz invested in Anduril's Series B round, valuing the company at $1 billion (Sept 2019)
CNBC: Anduril valued at $1 billion in round including Andreessen HorowitzVerified2019-09-11 - 18
Anduril's $200M Series C (July 2020, $1.9B valuation) was led by Andreessen Horowitz, joined by 8VC, Elad Gil, Founders Fund, General Catalyst, Human Capital, Lux Capital, and Valor Equity Partners
Forbes: Anduril Raises $200 Million To Fund Ambitious Plans To Build A Defense Tech GiantVerified2020-07-01 - 19
Air Force conducted a live-fire test of an AIM-120 AMRAAM from Anduril's YFQ-44A Fury CCA drone over the Mojave Desert near Edwards AFB — first autonomous weapon-employment-sequence validation for the CCA program
DefenseScoop: Air Force reaches CCA milestone with live-firing of missile from Anduril's robotic fighter jetVerified2026-07-15 - 20
Department of War signed a multi-year FAMM framework agreement with Anduril to scale production of pallet/lug-launched Barracuda-500 cruise missiles, thousands per year for 7 years, deliveries starting 2027
Defense News: US Air Force turns to cheaper cruise missiles it can buy by the thousandsVerified2026-07-15 - 21
Anduril unveiled Thunder, a Group 5 autonomous attack tiltrotor 'loyal wingman' drone co-developed with Archer Aviation, at Farnborough on July 20, 2026; first flight targeted 2027
DefenseScoop: Anduril unveils Thunder attack helicopter, a new loyal wingman droneVerified2026-07-20 - 22
Secondary confirmation of Thunder unveil, including partnership framing with Archer
Breaking Defense: Anduril reveals Thunder, a 'loyal wingman' drone for helicoptersVerified2026-07-20 - 23
Anduril employs approximately 7,000-8,400 people as of early-mid 2026 (aggregator estimates vary)
Revelio Labs: Anduril Industries Number of Employees 2026Reported2026-03-01 - 24
Anduril's first YFQ-44A rolled off the production line at its Ohio facility; production line has capacity for 150 aircraft/year; part of the USAF Collaborative Combat Aircraft program
Defense News: First Anduril YFQ-44A rolls off production line for US CCA programVerified2026-07-28 - 25
Anduril's Arsenal-1 Ohio facility (Pickaway County, near Rickenbacker International Airport) produced its first complete Fury on July 27, 2026, 557 days after the facility was announced; rated for up to 150 aircraft/year, current initial goal ~50/year
The Defense Post: Anduril's Ohio Arsenal-1 Produces First YFQ-44A Drone for US CCA ProgramVerified2026-07-30 - 26
Anduril chosen to lead the common data layer baseline for the Army's Next Generation Command and Control (NGC2) initiative, as part of its existing 10-year, up-to-$20B Army enterprise contract; Army beginning to scale NGC2 to units beyond the two that tested it
DefenseScoop: 'Ready, but not done': The Army will start scaling parts of its new C2 ecosystem to more unitsVerified2026-07-31 - 27
Anduril's year-old strategic partnership with Rheinmetall — to co-develop European variants of the Barracuda and Fury platforms — has been significantly scaled back, with part of the collaboration suspended; neither company has commented on why
Bloomberg: Anduril's Year-Old Rheinmetall Drone Partnership Is Scaled BackVerified2026-07-23