Defense startup Anduril raises $1.48 billion in Series E funding

Illustration: Aída Amer/Axios

Anduril, a defense technology startup created by Oculus founder Palmer Luckey, has raised $1.48 billion in Series E funding led by Valor Equity Partners at a valuation of $8.48 billion.

Why it matters: This is the second largest funding round in 2022, behind SpaceX’s $1.7 billion in May.

  • The funding round was first rumored in the spring. It closed on December 1, a spokesman said.

Of note: Earlier this year, the company won a 10-year contract worth nearly $1 billion with the US Special Operations Command.

  • Anduril also opened an office in Australia, where he signed a $100 million contract with the Royal Australian Navy.

Between lines: The company is best known for building autonomous systems like drones and border surveillance technology.

  • It has been criticized for potentially allowing harsh border security policies and expanded government surveillance of residents.

Details: Other investors in the round include 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 Fund Tull’s US Innovative Technology Institute (USIT).

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