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Largest Check in Founders Fund History Marks Growing Confidence in Military AI and Autonomous Systems
Defense technology company Anduril has raised $2.5 billion in a heavily oversubscribed Series G funding round, led by Founders Fund with a $1 billion commitment—its largest single investment to date. The raise doubles Anduril’s valuation to $30.5 billion and underscores growing investor interest in the convergence of artificial intelligence, defense infrastructure, and autonomous weapons development.
The company confirmed that existing investors also participated aggressively in the round, which drew demand far beyond the amount of equity offered. According to a company spokesperson, the round was oversubscribed by more than eight times.
Revenue Growth and Military Contracts Fuel Investor Confidence
Anduril’s valuation jump follows a year of significant growth. The company reported a doubling of annual revenue in 2024, reaching approximately $1 billion. That momentum coincides with a major shift in its government contracting profile.
In February, the U.S. Army reassigned a high-profile augmented and virtual reality headset contract—initially awarded to Microsoft—to Anduril. The contract, tied to a $22 billion budget, is viewed as a strategic win that places Anduril at the center of next-generation military interface development.
The company is expected to supply both the hardware and the underlying software for these systems, positioning it as a long-term partner in the Department of Defense’s evolving approach to soldier readiness and battlefield technology.
A Reshaped Relationship with Big Tech
The AR/VR deal also marks a notable turning point in Anduril’s relationship with Meta, the company Palmer Luckey once worked for before founding Anduril. Following the Army contract award, the two firms have announced a partnership to develop new devices, signaling a strategic reconciliation.
For investors, the Meta collaboration—alongside the defense win—reinforces Anduril’s ability to operate across both the commercial and military spectrum. This dual capability is becoming increasingly important as defense tech moves closer to consumer technology in form, while remaining tightly bound to government budgets in scale.
A Signal to the Market
This Series G round places Anduril among the most valuable private defense technology firms globally. The scale of the raise—and the caliber of its lead investor—suggests that defense is no longer a niche bet in venture capital. Instead, it’s emerging as a primary frontier for scalable technology companies.
The appetite for exposure to defense-aligned AI and autonomy continues to grow, especially as geopolitical tension and strategic competition drive national defense spending upward. With new funding in hand, Anduril is expected to expand its footprint across unmanned systems, autonomous software, and mission-critical infrastructure.
Whether it’s battlefield systems, surveillance platforms, or command-and-control software, Anduril’s expanding portfolio—and its aggressive capital backing—make clear that modern defense is no longer just about hardware. It’s about intelligence, autonomy, and speed.
