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Defense technology startup Anduril raises USD 1.48B in funding

By ET Bureau - December 05, 2022 1 Mins Read

Anduril Industries Inc., a defence technology startup launched in 2017 by Oculus VR Inc. founder Palmer Luckey, has raised a USD 1.48 billion funding round. According to Axios today, Anduril is valued at USD 8.48 billion in the Series E round. The investment was headed by Valor Equity Partners.

More than a dozen other investors, including Lightspeed Ventures, General Catalyst, Founders Fund, and Andreessen Horowitz, joined it. In May, news of Anduril’s most recent funding round first surfaced. Previously, the business completed a USD 450 million Series D funding round in June of last year. According to Crunchbase, Anduril has received USD 1.9 billion in investment money since its debut.

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Palmer Luckey, the creator of virtual reality headset manufacturer Oculus VR, introduced Anduril in 2017. For USD 2 billion, Meta Platforms Inc. and later Facebook Inc. purchased it in 2014.

Read More: Defense technology startup Anduril raises $1.48B in funding

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