Defense technology firm Anduril Industries has reached a staggering valuation of $30.5 billion after raising $2.5 billion in its latest funding round, the company announced on Thursday. The new valuation marks a dramatic rise from last year’s figure of $14 billion, reflecting growing investor confidence in Anduril’s cutting-edge military and defense solutions.

The fresh funding round, classified as Series G, saw significant backing from longtime supporter Founders Fund—co-founded by tech magnate Peter Thiel. Founders Fund contributed $1 billion, making it the lead investor in the round. Notably, all existing investors from prior rounds also increased their stakes, highlighting strong belief in Anduril’s long-term trajectory.

This development confirms earlier reporting by Reuters in February, which suggested Anduril was preparing to secure as much as $2.5 billion in new capital. The successful raise more than doubles the company's previous funding milestone of $1.5 billion in 2023. The surge in valuation and investment underscores the company's strategic role in the evolving defense technology landscape.

Founded in 2017 by Palmer Luckey—who is also known for creating Oculus VR—Anduril has emerged as a major player in the defense sector. The company designs and builds autonomous drones, surveillance systems, and advanced sensor platforms tailored for military use. Its focus on cost-effective, AI-driven technologies has drawn attention from U.S. defense agencies seeking to modernize operations and reduce expenditure.

In a significant move to expand its market influence, Anduril has also announced a collaboration with Palantir Technologies. The two firms will form a consortium to compete for defense contracts, particularly those tied to the Pentagon’s effort to deploy more affordable and scalable solutions in national security programs.

With global tensions and technological arms races intensifying, demand for innovative, efficient defense technologies is rapidly increasing. Anduril’s explosive growth and strategic partnerships position it as a key player in the future of military automation and national defense, bolstered by a strong backing from Silicon Valley’s most influential investors.
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