Weapons Startup Anduril Hits $14 Billion Valuation in New Funding Round
- Founders Fund and Sands Capital led $1.5 billion deal
- Anduril plans to spend hundreds of millions on manufacturing
The Altius-600 autonomous UAS at Anduril's headquarters in California.
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
Defense technology startup Anduril Industries Inc. has raised $1.5 billion in a new funding round and plans to spend hundreds of millions on a new facility to manufacture its rockets, underwater vehicles and other autonomous weapons systems at greater scale and speed.
The deal, which values Anduril at $14 billion, is one of the largest venture capital financings of the year so far, and reflects the company’s success getting government contracts, as well as rising investor enthusiasm for defense technology companies.