Get in the KNOW
on LA Startups & Tech
X
Image by Ian Hurley
Defense Startup Anduril Industries Seeking to Raise $500M-Plus: Report
Samson Amore
Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.
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.
From Your Site Articles
- Anduril Industries is Building Border Surveillance Tech - dot.LA ›
- Palmer Luckey's Anduril Introduced Its First Weapon - dot.LA ›
Related Articles Around the Web
Samson Amore
Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.
https://twitter.com/samsonamore
samsonamore@dot.la
Behind Her Empire: How Beatrice Dixon Scaled The Honey Pot Company From Her Kitchen
04:02 PM | August 09, 2021
Beatrice Dixon is the founder of The Honey Pot Company, a plant-based feminine hygiene line created to provide women with healthy alternatives to feminine care.
The Honey Pot Company began with a dream — literally. In 2014, Dixon was struggling with an ongoing case of bacterial vaginosis. She visited her doctor and tried everything they recommended, but nothing worked.
Early one morning she was visited by her grandmother in a dream. She gave Dixon a list of ingredients and told her what to do.
When Dixon woke up, she immediately went to Whole Foods, where she was working at the time, and got the ingredients. Within a few days, the infection was gone. It was at this stage Dixon started working on Honey Pot and giving away the product to friends and seeing their results.
"There has never been a moment — not one time — to this day that I have ever questioned if this was a business if this was viable," Dixon says. "So when I was giving it away, I was giving it away because I needed to make sure that it worked. Because I had the intention of making it work."
Dixon says her "hack" for getting into retail comes down to creating prototypes that big retailers will appreciate as a token of commitment.
"When you're beginning a relationship, it's just like beginning any relationship. You got to go into that thing, intentional, and showing them from the beginning, how you run your ship. And so it's really important to show them how committed [you are] because prototypes are not cheap, and that communicates to the buyer that you came ready and that you're willing to show them where you're going," she says.
Today The Honey Pot Company sells feminine care products nationwide at Target, Walmart, Whole Foods, Walgreens and retailers across the U.S.
In this episode of the Behind Her Empire podcast, Dixon talks about starting her plant-based feminine care company, scaling the business from her kitchen to mass production, advice she has about getting your product into retail outlets, candid thoughts around fundraising and more.
Want to hear more of the Behind Her Empire podcast? Subscribe on Stitcher, Apple Podcasts, Spotify, iHeart Radio or wherever you get your podcasts.
dot.LA Audience Engagement Editor Luis Gomez contributed to this post.
From Your Site Articles
- How Tatcha Founder Vicky Tsai Quit Her Job, Built an Empire - dot.LA ›
- Anjula Acharia Visualized Her Path to Success - dot.LA ›
- Cayli Cavaco Reck on How She Founded Knockout Beauty - dot.LA ›
- Winky Lux Founder Natalie Mackey On Women Entrepreneurs - dot.LA ›
- Founder Samia Gore Shares Body Complete Rx Origin Story - dot.LA ›
Related Articles Around the Web
Read moreShow less
Yasmin Nouri
Yasmin is the host of the "Behind Her Empire" podcast, focused on highlighting self-made women leaders and entrepreneurs and how they tackle their career, money, family and life.
Each episode covers their unique hero's journey and what it really takes to build an empire with key lessons learned along the way. The goal of the series is to empower you to see what's possible & inspire you to create financial freedom in your own life.
ServiceTitan Reportedly Files for IPO at a Possible $18 Billion Valuation
05:57 PM | January 25, 2022
Photo by Konstantin Evdokimov on Unsplash
ServiceTitan—which has parlayed its field service software for contractors into one of Southern California’s most valuable tech startups—has reportedly confidentially filed for an initial public offering, Business Insider reported Tuesday.
The Glendale-based firm is said to be pursuing a valuation as high as $18 billion via an IPO sometime this year—though the report cautioned that both the timing and valuation could change. At that figure, ServiceTitan would rank among the five-most valuable venture capital-backed businesses in Southern California, according to Pitchbook data.
Reuters previously reported that ServiceTitan had begun preparing for an IPO last fall.
ServiceTitan’s software offers back-office tools for a wide range of service industries, from plumbing and landscaping to pest control and HVAC. It has grown in part by gobbling up other businesses, such as landscaping software provider Aspire and pest control-focused platforms ServicePro and, earlier this month, FieldRoutes.
The startup—founded in 2012 by Armenian immigrants Ara Mahdessian and Vahe Kuzoyan—has also secured venture funding at a prolific rate. ServiceTitan has raised a total of $1.1 billion in capital to date, according to PitchBook data—most recently a $200 million Series G round that closed last June. At the time, the firm pegged its valuation at $9.5 billion.
ServiceTitan’s investors include prominent venture capital firms Tiger Global and Sequoia, as well as private equity firms Thoma Bravo and Arena Holdings. Santa Monica-based VC firm Mucker Capital is also among ServiceTitan’s backers.
Representatives for ServiceTitan did not immediately respond to a request for comment on the Business Insider report.
Read moreShow less
Harri Weber
Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to harrison@dot.la.
RELATEDTRENDING
LA TECH JOBS