Technologies built to improve national resilience (in the form of cybersecurity, energy self-reliance, national defense or otherwise) have a greater focus as a result of the Ukraine war and have drawn a line between the two countries. aspect of that conflict. Now, one of the most prominent startups building defense technology in the United States has filed papers indicating a massive funding round highlighting these changes and the resulting opportunities for companies like these.
Anduril — Combining AI, robotics, computer vision, cybersecurity, and emerging networking technologies to build both software and hardware-based defense systems to help combat the “software-defined conflicts of tomorrow” described by the United States and its allies. — The Delaware startup is raising up to $1.2 billion, according to documents submitted. The PrimeUnicornIndex that identified the application is note If all of the stock approved for the new Series E were issued at $16.52 per share, the company could be valued up to $6.65 billion. But I know from sources that it’s actually a $7 billion down payment.
Delaware filings do not disclose how much of that money was raised or who invested it. A spokesperson for Anduril will not comment on the story. However, sources recently said that 8VC, at least one of the company’s past investors, has joined the round and will be unveiled in the coming weeks. This means closure is imminent. Others who have previously invested in Anduril include Elad Gil (leading Anduril’s final round, $450 million Series D in June 2021), D1 Capital Partners, Valor Equity Partners, Lux Capital, General Catalyst and Founders Fund. includes.
For more information on fundraising information I first heard about it about a month ago. At that time, it was valued at around $7 billion, estimated to be between $500 million and $1 billion. The Delaware report seems to indicate that valuations are operating higher than originally estimated and that the amount being raised is also higher.
Anduril’s fundraising comes amid some notable changes in the world of venture funding.
On the one hand, we and others have charted the challenges startups face in raising and closing funding rounds with, say, top-down fallout.
Publicly traded tech stocks saw large declines and sell-offs across the board, which had a cascading effect on the IPO market, which in turn caused unrest among investors (and also the public market in general). It continues to flow all the way to early stage startups, supporting large, late-growth rounds for . In all cases, after years of bubble activity, the bubble bursts and the valuation generally declines as well.
On the other hand, there are a number of exceptions to that rule, depending on factors such as the sector, company and performance, amount raised, and what you invest in.
Anduril is checking a few of these boxes, starting with a shift in interest and broader business opportunities for companies building defense and “resilient” technologies.
Although many VCs have moved away from investing in military technology over the years, there have always been some VCs specifically focused on the field, including such as In-Q-Tel, the CIA’s investment division.
Now partly stimulated by world events. State power and influence perceived as a potential hostile threat; And the role technology plays as a weapon and battlefield, investors like these are now joining a new wave of proponents and buyers.
For example, after years of inactivity in the space, NATO launched a new Innovation FundIt initially invested $1 billion to invest in defense, security and deep tech startups.Otherwise, you may not be able to successfully develop innovative solutions that are most needed to protect the environment. [NATO] Alliance.” Our understanding could also include technologies designed to improve resilience in areas such as energy generation. This was a looming problem given Russia’s embargo on the invasion of Ukraine. Europe’s major oil and gas suppliers.
Buyer funnels are also on the rise. For example, earlier this year, Germany 100 billion euros in defense spending — Once again, sparked by Putin’s invasion of Ukraine and the threats posed by Russia — it will also include a strong technological component.
Its activities are not limited to Europe. In January, Anduril won. A contract worth approximately $1 billion Considering the timing of this round, we’ve worked with the U.S. Department of Defense to provide the DoD’s Special Operations Command with anti-unmanned systems and systems integration, a deal that will catch the eye of investors.