The funding helps the company attain a valuation of $4.6B. Here are the top-line bullets you need to know.
Anduril, a defense technology startup, has raised $450M in a Series D that drew participation from Andreessen Horowitz, Founders Fund, Lux Capital, and 8VC, among others.
HOW’S THE COMPANY PERFORMING?
- California-based Anduril provides defense protection hardware and software, such as drones and surveillance towers, for border control. Its customer base includes the US Army, the US Air Force, and the US Navy.
- In April 2021, Anduril acquired Area-I, a drone manufacturing company.
Source: Anduril
WHY DOES THE MARKET MATTER?
- The global battlefield management systems market is projected to grow at a CAGR of 4.3% and reach a value of $11.8B by 2025, according to Global Information.
- The need for real-time communication for national security and surveillance has increased the demand for communication hardware and software tools.
