Funding round
Anduril Seed
Anduril, which works in defense technology solutions development in Costa Mesa, raised $127M in a Seed round announced on 11 Sep 2019, at a $1.00B post-money valuation. 4 firms took part, 4 of them already investors. It is Anduril's first venture round on record.
$127M
Amount raised
$1.00B
Post-money valuation
4
Investors
no lead named
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Anduril at $1.00B after the new money. The $127M bought investors about 13% of the company. It is Anduril's first venture round on record, 2 years after it was founded in 2017. It is 1.1% of the $11.26B Anduril has raised in the venture rounds on record. Anduril raised again 10 months later: a Series C round of $200M in Jul 2020, at $1.90B post-money.
Anduril's funding rounds
Anduril has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 11 Sep 2019 $127M$1.00B post-money
- Series C 1 Jul 2020, led by Andreessen Horowitz $200M$1.90B post-money
- Series D 17 Jun 2021, led by Elad Gil $450M$4.60B post-money
- Series E 1 Dec 2022, led by Valor $1.48B$8.48B post-money
- Grant not a venture round 22 May 2024 $14M
- Series F 7 Aug 2024, led by Founders Fund and Sands Capital $1.50B$14.00B post-money
- Series G 15 Apr 2025 $2.50B
- Series H+ 13 May 2026, led by Thrive Capital and Andreessen Horowitz $5.00B$61.00B post-money
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- Founders Fund backs 368 venture-backed companies existing investor
- General Catalyst backs 574 venture-backed companies existing investor
- 8VC existing investor
- Lux Capital backs 194 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
13 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $2.0M, and this round was 64 times the median. The closest in time, other companies' Seed rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 3 Oct 2019 | $3.0M | not disclosed | Techstars |
| Aerospace and Defence | 8 Aug 2019 | $2.0M | not disclosed | not named |
| Aerospace and Defence | 12 Nov 2019 | $1.4M | not disclosed | not named |
| Aerospace and Defence | 28 May 2019 | $1.3M | not disclosed | Correlation Ventures |
| Aerospace and Defence | 1 Apr 2019 | $10M | not disclosed | not named |
| Aerospace and Defence | 1 Feb 2020 | $773K | not disclosed | not named |
| Aerospace and Defence | 3 Apr 2019 | $437K | not disclosed | not named |
| Aerospace and Defence | 17 Mar 2020 | $3.1M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Anduril raise in its Seed round?
Anduril raised $127M in its Seed round, announced in Sep 2019.
Which investors took part in Anduril's Seed round?
Founders Fund, General Catalyst, 8VC and Lux Capital.
What was Anduril's valuation at the Seed round?
$1.00B post-money.
How does it compare with other Seed rounds in Aerospace and Defence?
13 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $2.0M, and this round was 64 times the median.
Did Anduril raise again after this round?
Yes: a Series C round in Jul 2020 of $200M at $1.90B post-money.