The Founders Fund is leading another large round for defensive technology startup Andurill with a billion investment as part of the new $2.5 billion salary increase, the biggest check the company has written to date. An Andrill spokesperson told TechCrunch that existing investors have also accumulated.
Anduril doubled the valuation to $30.5 billion for this Series G Raise. A spokesperson for Anduril says the round is over eight times more than an oversubscribe. In other words, more investors wanted to buy than Anduril's stock price.
Anduril makes autonomous weapons and software to control them, but says new funds have been raised after revenues reached around $1 billion in 2024.
The company also enjoys tail fins after being granted a massive US Army contract to develop new AR/VR headsets for soldiers. The contract was originally granted to Microsoft on a total budget of $22 billion, but was reassigned to Andrill in February. The deal was so big that it publicly allowed Andrill founder Palmer Lucky to publicly grant his former employer meta last week as the two announced a partnership to create devices for the project.
Anduril's executive chair and co-founder Trae Stephens revealed the new funds in an interview with Anduril's founder fund partner Trae Stephens.