Anduril Industries

Defense technology company building autonomous weapons systems, AI-powered surveillance, and unmanned combat aircraft. - Private; seeking $8 billion in new funding

Anduril Industries is seeking $8 billion in new funding at a valuation exceeding $60 billion—nearly double its $30.5 billion valuation from eight months ago. The defense technology firm, founded by Oculus creator Palmer Luckey in 2017, has become the fastest-growing challenger to legacy contractors like Lockheed Martin and Boeing, winning Pentagon contracts for autonomous fighter jets and drone defense systems.

Updated Feb 15

The Oculus founder's defense startup has become a leading provider of drones and counter-drone systems, winning over $1 billion in Pentagon contracts since 2024. - Major drone contractor; Gauntlet competitor

The Pentagon spent $398 million on small drones in 2022. Four years later, as Ukraine demonstrated that $400 drones could destroy $10 million tanks, Congress authorized $1.7 billion—a fourfold increase. Now the Department of Defense has launched its most ambitious small-drone initiative ever: a $1.1 billion program to field more than 300,000 one-way attack drones by 2028, with the first 30,000 expected by mid-2026.

Updated Feb 4