Anduril Industries announced last week that new funding of $1.48 billion has nearly doubled the company’s value—enabling it to advance its efforts at new modes of defense capabilities.
- The defense technology company announced $1.48 billion in new investment last week.
- This brings the total value of the company to $8.48 billion—almost double a previous valuation from June 2021.
- With the additional funding, Anduril will be able to expedite research and development in defense technology which it sells to the U.S. and its allies.
Why it’s news
Newly developed technology means that the way wars are fought or deterred are evolving. Companies like Anduril that develop defense tech are an important part of making sure the U.S. stays up to date. The country with the most advanced tech will be a step ahead of the rest.
One of the greatest setbacks to moving ahead with technology is that companies are currently only developing tech that solves present problems—not future.
With new autonomous tech, military forces can tackle new situations more quickly without waiting years for development.
“Anduril is a technology partner, not an equipment provider. Security threats are evolving faster than the DoD [the Department of Defense] can keep pace. In order to really outmaneuver emerging threats we need to move past just efficiencies and create clear step changes in capability, quickly. Anduril has proven that our model—recruiting talented engineers, building quickly and efficiently using venture dollars, and selling next-generation technology off the shelf to the government—works. And that with the right technology and incentives the government can be a nimble customer,” says Anduril founder Brian Schimpf.
In the last year alone, Anduril has made advancements in underwater autonomous vehicles, expanded its team to more than 1,000 employees, and launched multiple new projects with advancements in surveillance and artificial intelligence.