Defense tech startup Anduril has raised $1.48 billion in funding

Anduril Industries Inc., a defense technology startup launched in 2017 by Oculus VR Inc. founder Palmer Lackey. Raised $1.48 billion in funding.

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 investors, including Founders Fund, Andreessen Horowitz, General Catalyst and Lightspeed Ventures.

Anduril’s latest funding report appeared first in May. Previously, the company last June closed $450 million Series D funding round. Anduril has raised a total of $1.9 billion from investors since its launch Crunchbase.

Anduril was launched in 2017 by Palmer Lackey, founder of virtual reality headset maker Oculus VR. In 2014, it was acquired by Meta Platforms Inc. and later by Facebook Inc. for $2 billion. The technology acquired through Meta’s acquisition later became part of Metaverse’s business, which makes virtual reality headsets and related software products.

The company develops defense systems for the United States and its allies. His product reported from control towers to drones. It also markets a software platform called Lattice that collects sensor data from multiple security systems and makes it available to military personnel through a centralized interface.

The software market is an area of ​​special focus for Anduril. As indicated Financial TimesMost engineers work on the Lattice platform.

In February, the company turned its attention to naval vessels to acquire Dive Technologies Inc. is a startup company focused on developing autonomous underwater vehicles. A few months later received A $100 million contract to build three robotic submarines for the Royal Australian Navy.

Anduril has won several defense contracts since its launch. Startup in January reported A nearly $1 billion contract to provide U.S. Special Operations Command with drone equipment and software has been awarded. There was also drone technology against Anduril bought US Department of Defense Office of Defense Innovation.

The Financial Times reported Today, Anduril earns “hundreds of millions of dollars” annually. The startup reportedly works with multiple branches of the US military, as well as half a dozen allied nations.

According to Axios, Anduril’s latest funding round of $1.48 billion is the second largest of the year behind SpaceX Corporation’s $1.725 billion investment. reported closed in May. The latest investment valued SpaceX at approximately $127 billion. Also in May, SpaceX held a secondary sale in which current investors and employees sold $750 million worth of stock.

Picture: Anduril Industries

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