Defense Startup Anduril Industries Seeking to Raise $500M-Plus: Report
Image by Ian Hurley

Defense Startup Anduril Industries Seeking to Raise $500M-Plus: Report

Anduril Industries, the Costa Mesa-based defense technology startup and U.S. military contractor, is reportedly looking to raise at least $500 million in an upcoming funding round at a $7 billion pre-money valuation.


Anduril could raise up to $1 billion in the Series E round, The Information reported on Thursday, citing two sources with “direct knowledge of the matter.” The publication also reported the round, which has not yet closed, is being led by an existing investor. The startup has raised $835 million to date from investors including Andreessen Horowitz, Founders Fund, General Catalyst, D1 Capital Partners and venture capitalist Elad Gil. Gil led a $450 million Series D round last June that valued Anduril at $4.6 billion.

Anduril develops and builds both hardware and software for defense applications, including border surveillance towers and self-piloting drones (including an autonomous submarine drone made for deepwater exploration). Its core software product is an operating system called Lattice, which is used to detect potential security threats.

The company has clinched several lucrative government contracts in recent years. In 2020, it struck a deal with U.S. Customs and Border Protection to deploy 200 surveillance towers on the Mexican border. In January, it inked a nearly $1 billion contract with U.S. Special Operations Command for systems that detect and neutralize counter-drone attacks.

Anduril was launched in 2017 by Oculus co-founder Palmer Luckey, who sold the virtual reality headset firm to Facebook for $3 billion in 2014. After leaving Oculus, Luckey founded Anduril alongside Founders Fund partner Trae Stephens and ex-Palantir executives Matt Grimm and Brian Schimpf, who now serves as Anduril’s CEO. Luckey is the company’s chief technology officer.

Anduril and Luckey did not respond to dot.LA’s requests for comment.

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LA Tech Week 2026: Saturday’s Event Lineup

🔦 Spotlight

LA Tech Week 2026 heads into the weekend Saturday with more opportunities to learn, meet fellow builders and explore what is being created across the region. Browse the day’s events by neighborhood below and find the gatherings worth leaving the house for.

ARTS DISTRICT

BEL AIR

5:00 PM

CULVER CITY

10:00 AM

1:00 PM

4:00 PM

DOWNTOWN

11:00 AM

2:00 PM

  • South Asians in Space, Physical AI: See Details Here
    american south asian network

5:00 PM

7:00 PM

HOLLYWOOD

8:00 PM

INGLEWOOD

10:00 PM

LONG BEACH

10:00 AM

12:00 PM

LOS FELIZ

8:30 AM

  • Griffith Observatory Hike with Longevity Cities & Don't Die LA: See Details Here
    Longevity Cities

MALIBU

5:00 PM

MARINA DEL RAY

9:30 AM

  • The Brazen Capital Walk: Connecting Women, Capital & Opportunity: See Details Here
    BrazenEra

6:00 PM

  • Build an AI workflow editor, natively in Angular: See Details Here
    Workflow Builder

SANTA MONICA

7:00 AM

  • Founders Running Club Run in Santa Monica: See Details Here
    Founders Running Club, MongoDb

9:00 AM

  • MOLTEN - Spatial hackathon (ElevenLabs, AssemblyAI, Rokoko, Datafeel...): See Details Here
    Field Lab

2:00 PM

3:30 PM

6:00 PM

7:00 PM

SOUTH LA

7:00 PM

THE VALLEY

7:30 PM

UCLA

11:00 AM

USC

9:00 AM

10:00 AM

10:30 AM

VENICE

8:00 AM

  • Open Air Health Tech: See Details Here
    Open Air Health Tech, Bowshock, Govitamins App

10:00 AM

10:30 AM

11:00 AM

12:00 PM

6:00 PM

  • Bots, Bytes & Bubbles Benefit: See Details Here
    Distinguished Minds Institute dba thinqueBytes®

VIRTUAL

9:00 AM

  • Ask a VP of Sales: Live GTM Office Hours for Early-Stage B2B Founders: See Details Here
    Kat Rucker Consulting Group

11:00 AM

WEST HOLLYWOOD

11:00 AM

  • The 10x Engineer Showed Up. The 10x Organization Didn't.: See Details Here
    Workflow Builder, Tentaro

3:00 PM

WESTSIDE

11:00 AM

2:00 PM

  • Graphic Design & Digital Printing Meetup: See Details Here
    Big Frog Custom T-Shirts & More of West LA

7:00 PM

WESTWOOD

12:00 PM

Each session provides unique opportunities to gain insights, network, and explore various fields of tech innovation. For updates or more event information, visit the official Tech Week calendar.

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