Defense tech start-up Anduril Industries raises $1.5 billion, now valued at $14 billion

Anduril Industries, which builds autonomous military systems like drones and robots, has raised $1.5 billion and is now valued at $14 billion.

Anduril Industries has closed a $1.5 billion Series F round, valuing the defense technology company at $14 billion.

The investment comes as modern militaries are increasingly embracing AI-powered and unmanned tools of war. The new $14 billion valuation is an increase from the $8.5 billion valuation it received following a $1.5 billion Series E in 2022. This latest round was co-led by Founders Fund and Sands Capital, and includes new investors Fidelity Management & Research Company, Counterpoint Global, and Baillie Gifford. Anduril has raised more than $3.7 billion to date.

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