Anduril Industry equaled its own record for the largest defense technology tender round in history.
The Costa Mesa, California-based startup has raised $1.5 billion in a Series F round, valuing the company at $14 billion — up 69% from the $8.5 billion valuation it achieved following its massive $1.5 billion Series E round in late 2022.
The co-hosts of the round were: Founders Fund AND Capital Sands. New investors faithfulness Management and Research Company, Counterpoint Global AND Baillie Giffordexisting investors also joined it, including: Altimeter Capital AND Franklin Venture Partners.
The company will allocate a portion of the latest revenue to the development of Arsenal-1, a 4.5 million square meter manufacturing facility designed to provide tens of 1000’s of autonomous military systems annually.
The role of defense technologies
After a weak begin to the 12 months, funding for defense tech startups has surged over the past few months.
Just last month, Helsingwhich develops artificial intelligence software for defense purposes, has raised roughly $489 million in funding, led by General Catalyst values the company at $5.4 billion. The German startup designs software that helps increase the weapon capabilities of drones and fighter jets and improves decision-making on the battlefield.
Defense tech startups have now raised $2.5 billion after Anduril’s massive funding round, based on Crunchbase dataLast 12 months, such startups raised a total of just $2 billion.