Companies
/
Anduril
3
Aerospace & Defense
$95.1B
+$115.88
10,396.84%
30 days ago
$1.11
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Anduril Industries is a defense product company that builds technology for military agencies and border surveillance.
Anduril was founded in 2017 by Palmer Luckey, the founder of Oculus VR who had departed Facebook following internal controversy, along with Trae Stephens, Matt Grimm, Brian Schimpf, and Joseph Chen, built around the founders' conviction that the U.S. defense industrial base had become overly reliant on a small number of large, traditional defense contractors whose business models and slower-moving development processes were poorly suited to rapidly iterating on the kind of AI-driven, software-centric weapons systems that Anduril's founders believed would define the future of warfare, positioning the company explicitly as a venture-backed technology company willing to build weapons systems, a stance historically unusual within Silicon Valley's startup culture. Anduril's product portfolio spans autonomous drones, counter-drone systems, underwater autonomous vehicles, and its core Lattice software platform, an AI-driven command-and-control system that functions as a kind of operating system unifying data and control across many different physical hardware products, which the U.S. Army selected in 2026 as the common data foundation for its Next Generation Command and Control program. The company secured a major production contract in June 2026 from the U.S. Air Force for its YFQ-44A autonomous fighter aircraft, a milestone the company has described as evidence of its transition from a developer of promising prototypes into a scaled supplier of fielded weapons platforms, following a $2.5 billion Series G in mid-2025 and a further $5 billion raise in May 2026 at a $61 billion valuation. In Augment's Q2 2026 Power 20 rankings, Anduril held the #2 spot, the highest-ranked defense company in the rankings, with its estimated secondary-market share price rising 14% in the quarter to imply a market capitalization of approximately $88.3 billion, comfortably above its most recent primary funding round valuation, and full-year 2025 revenue of approximately $2.2 billion, up 120% year over year.
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