OEM : Defense
The next generation of military technology will depend less on advances in shipbuilding and aircraft design than on advances in software engineering and computing. Unlike traditional defense contractors who focus primarily on hardware, Anduril’s core system is Lattice OS, an autonomous sensemaking and command & control platform that serves as the core platform for our suite of capabilities.
Anduril Raises $1.48 Billion in Series E Funding
Defense technology company Anduril Industries today announced $1.48 billion in Series E funding, valuing the company at $8.48 billion, nearly doubling the company’s previous valuation in June 2021. The new funding will enable Anduril to accelerate research and development to bring new, cutting edge, autonomous defense capabilities to the market and continue to mature and scale its current business lines with the US Department of Defense as well as US allies and partners.
The problems US and allied militaries are facing are fundamentally software problems. To continue to enable the US, allies and partners to deter adversaries, Anduril is building software-defined and hardware-enabled capabilities that solve mission needs with autonomy, today. Autonomous systems will enable the military to operate faster and at greater scale across both tactical and strategic operations.
Anduril nets biggest DoD contract to date: Signifier or outlier for defense start-ups?
Anduril will serve as a systems integrator partner on SOCOM’s counter-unmanned systems efforts. The contract is worth a maximum of $967,599,957 over the next the decade. Under the contract, SOCOM will be able to purchase Anduril’s systems through traditional means, in addition to buying Anduril’s products as a service, meaning the command can configure the system “based on mission profiles and ensuring SOCOM can rapidly adapt to new and evolving threat profiles.”
Anduril has made major strides in the last year positioning itself to win major defense contracts and augment its technology portfolio. Last year, it acquired Area-I, a tube-launched unmanned aerial system maker. Last summer, the company won a five-year, $99 million production other transaction agreement with the Pentagon’s Defense Innovation Unit for its counter-drone tech.
Anduril Raises $450 Million in Series D Funding
Defense technology company Anduril Industries today announced $450 million in Series D funding and a post-money valuation of $4.6 billion, more than double the company’s previous valuation in July 2020.
Anduril’s Lattice AI software platform, hardware products, and people are currently in the field actively supporting operations with the Department of Defense, the U.S. Department of Homeland Security, and the UK Ministry of Defence, as well as other agencies. Lattice uses computer vision, machine learning, and mesh networking to fuse real-time sensor data to create a single, autonomous operating picture and command and control platform. Lattice ties together Anduril’s family of site security solutions deployed along the southwest border to provide situational awareness, and on military bases in the U.S. and abroad to autonomously detect, track, and interdict intrusions by people, drones, and other vehicles. Lattice is also the operating system that enables Anduril’s autonomous unmanned aircraft, such as the new Ghost 4 sUAS, to perform their missions.