Diligence briefVerified
Anduril Industries
Autonomy-first defense products company building hardware and the Lattice software platform.
Stage
Late stage / pre-IPO
Total funding
$11.4B
Valuation
$61B (Series H, May 2026)
Founded
2017
HQ
Costa Mesa, CA
Employees
~7,000-8,400 (aggregators vary, Mar 2026)
Overview
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.
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.
DoD 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.
EU / DoD 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.
Funding & cap table detail
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% |
Sources 27
27 sources behind every claim
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Generated by Defense Tech Atlas — every claim above is traced to a cited public source.