Anduril Industries is a defense technology company building AI-powered systems for military and national security missions. Founded in 2017 by Palmer Luckey and others, it develops autonomous drones, surveillance towers, underwater vehicles, command-and-control software, and counter-drone technologies. Unlike traditional defense contractors such as Lockheed Martin or RTX Corporation, Anduril follows a software-first model: it invests its own capital to build AI-enabled defense products, then sells finished capabilities to governments, much like a Silicon Valley software company rather than a conventional cost-plus defense contractor. This approach has attracted significant investor interest as military spending increasingly shifts toward autonomy, AI, drones, and software-defined warfare. Its AI platform, Lattice, integrates data from sensors and autonomous systems to help military operators detect, track, and respond to threats in real time. The company aims to modernize defense by combining advanced software, robotics, and autonomous systems into scalable, mission-ready solutions. 2024 revenue: approximately $1.0 billion, according to the company. 2025 revenue: approximately $2.2 billion, officially disclosed by Anduril when it announced its $5 billion Series H financing in May 2026. 2026 outlook: management is reportedly forecasting around $4.3 billion in revenue, although this is a projection rather than reported results. This makes Anduril one of the fastest-growing private companies in the defense sector. Its latest funding round (May 2026) valued the company at approximately $61 billion, placing it among the world's most valuable private technology companies. Here is the history of Anduril's valuation growth 2017: $88M valuation (Seed) 2019: $1.04B (Series B) 2020: $1.92B (Series C) 2021: $4.6B (Series D) 2022: $8.5B (Series E) 2024: $14B (Series F) 2025: $30.5B (Series G) 2026: $61B (Series H) Source: Evan