Defense contractor Anduril Industries confirmed it has raised $1.48 billion in new funds, bringing the Costa Mesa-based company’s valuation to $8.48 billion and almost doubling its previous valuation.
The Business Journal in October was the first to report that the company, founded by OC entrepreneur Palmer Luckey, had completed a funding round in the $1 billion range with a valuation around $8 billion.
The Series E financing will let Anduril accelerate research and development to bring new, cutting edge, autonomous defense capabilities to the market and continue to mature and scale its current business lines with the U.S. Department of Defense as well as U.S. allies and partners, the company said.
The latest round was led by Valor Equity Partners, a longtime Anduril investor, with participation from Founders Fund, Andreessen Horowitz, General Catalyst, 8VC, Lux Capital, Thrive Capital, DFJ Growth, Elad Gil, Lachy Groom, Human Capital, Marlinspike, WCM Investment Management, MVP Ventures, Lightspeed Ventures and Thomas Tull’s newly minted US Innovative Technology Fund.
For further details, please see the Dec. 12 print edition of the Business Journal.
