Anduril Success Story: Transforming US & allied military capabilities with advanced technology



U.S. defense is an enormous and growing market. In 2020, the U.S. spent around $778 billion on defense, with the Department of Defense contract obligations worth $448.7 billion. The growth of the country's defense market is estimated to reach $629.93 billion by 2030 at a CARG of 0.67%. Currently, the U.S. defense industrial base includes over 200,000 companies.

With significantly changing battlefields and evolving security threats, the pressure is rising on U.S. defense firms to remain at the forefront of global defense technology. The U.S. defense industry needs to come up with advanced cyber, A.I., hypersonics, anti-satellite, hybrid warfare weapons, and more.

Anduril is one such A.I. product company that puts products ahead of the process and develops technology for defense, law enforcement, and border security applications. This article covers everything about Anduril, how it started, its mission, founders, funding, growth, and more.

Anduril – Company Highlights
Company Name : Anduril
Headquarters : Costa Mesa, California, United States
Sector : Defense Technology and Communication
Founders : Palmer Luckey, Brian Schimpf, Trae Stephens, Matt Grimm, and   Joseph Chen
Founded In : 2017
Revenue : $8.5B (2022)
Website : Anduril.com

Anduril – About
Anduril Industries, or Anduril, is a military technology company specializing in designing and developing hardware and software applications for monitoring risk and enhancing surveillance. The company's offerings enable security awareness, inspection and Intelligence solutions, multi-domain launch capability, and surveys across land, air, and sea.

Having its presence in the United States, the United Kingdom, Atlanta, and Australia, Anduril serves the U.S. military, border security, navy, defense, and other commercial agencies and customers.

Anduril – Founders and Team
Palmer Luckey is the founder, and Brian Schimpf, Trae Stephens, Matt Grimm, and Joseph Chen are co-founders of Anduril.

Palmer Luckey

Palmer Luckey is an American entrepreneur best known as the Founder of Oculus V.R. and Anduril Industries. Moreover, he worked as the Designer of the Oculus Rift.

Brian Schimpf

Brian Schimpf graduated from Cornell University with B.Sc. in Operations Research. He has been the Cornell DARPA Urban Challenge Team developer and Director of Engineering at Palantir Technologies. Currently, he is the Co-founder and CEO of Anduril.

Trae Stephens

Trae Stephens has completed B.S. in Regional and Comparative Studies from Georgetown University. Presently, he is the Co-founder of Sol, Pursuit, and Anduril. Moreover, he is Anduril's Executive Chairman and Partner at Founder Fund.

Matt Grimm

Matt Grimm attended Cornell University and completed B.Sc in Mechanical and Aerospace Engineering and M.Eng in Systems Engineering. He has been the Forward Deployed Engineer at Palantir Technologies, Principal at Mithril Capital Management LLC, and Advisor & Board Observer at Classy.org.

At present, he is working as Anduril's CO-founder and COO.

Joseph Chen

Joseph Chen is Anduril's Co-founder. He was the Product Lead at Oculus V.R. and worked on A.R. handset technology at Epson. Recently, he launched a V.R. content production studio named Here Be Dragons.

Anduril is a team of over 1,000 inventors, builders, makers, and problem solvers.

Anduril – Startup Story
In June 2017, Anduril, along with former Palantir Technologies executives Trae Stephens, Matt Grimm, Brian Schimpf, and early Oculus V.R. Hardware Lead Joseph (Joe) Chen, founded the autonomy-focused defense technology company named Anduril Industries.

Anduril began a pilot program for America's government in March 2018. The program was about detecting human trafficking and drug smuggling on the southern border of America's remote areas. 55 attempted entrants were caught in its first 12 days in operation. Later, the company won the Autonomous Surveillance Tower Program of Record, which resulted in the deployment of hundreds of Anduril security towers.

In September 2020, Anduril received a contract worth $967 million for the Advanced Battle Management Systems (ABMS) from the U.S. Air Force. Moreover, on May 4, 2022, Anduril and the Australian military entered into commercial negotiation for a $100 million, co-funded program to design, develop, and manufacture extra large autonomous undersea vehicles (XL-AUVs) for the Royal Australian Navy.

Anduril – Mission and Vision
Anduril's mission is to transform defense capabilities with advanced technologies.

Anduril – Business Model
Anduril leverages A.I. and computer-vision operating systems for connecting intelligent devices and hardware assets. Its surveillance and defense systems find and track a human intruder over a wide area with little human input.

With Lattice governing all intruder-detection systems, they detect the motion, scan with a camera, and utilize computer-vision algorithms to determine whether the intruder is a vehicle, animal, or human. Moreover, Anduril provides high-powered 'interceptor' drones to detect and destroy drones.

Anduril – Products and Services
Anduril's offerings include Sentry Towers, Drones (Ghost, ALTIUS, Anvil), Sensors (WISP, Dust), Menace, and Autonomous Underwater Vehicles (Drive-LD). Moreover, it provides access to Lattice- an open operating system for defense.

Anduril – Funding and Investors
Anduril has undertaken 6 funding rounds to raise a total amount of $2.2 billion. Its latest funding round - Series E Round, was conducted on December 2, 2022, and raised $1.5 billion. Some recent company investors are Valor Equity Partners, Founders Fund, Andreessen Horowitz, Lux Capital, Elad Gil, MVP Ventures, and Lightspeed Ventures.

Anduril – Mergers and Acquisitions
Anduril acquired three defense startups- Dive Technologies in February 2022, Copious Imaging in September 2021, and Area-I in January 2021.

Anduril – Patents and Trademarks
Anduril's intellectual property comprises 29 registered patents with 'Aircraft; Aviation; and Cosmonautics' as the primary category. The company has 8 registered trademarks, with 'Scientific and Technological Services' being the most active class. Additionally, the company has achieved AS9100 certification.

Anduril – Growth
The estimated annual revenue of Anduril was $445.8 million per year ($435,354 per employee), with a $8.5 billion valuation in 2022. Moreover, its monthly web visits grew by -31.51%, with 77,704 visits. And employee count rose by 63%.

Anduril – Partners
Anduril has partnered with the following:

Palantir Technologies
American Rheinmetall Vehicles
Fabcon
Royal Navy
Australian Navy
Anduril – Competitors

Some of Anduril's main competitors are:

Lockheed Martin
Raytheon
Rebellion Defense
Shield AI
PrecisionHawk Inc
Kespry Inc
FAQs
Who are the founders of Anduril?
Palmer Luckey is the founder, and Brian Schimpf, Trae Stephens, Matt Grimm, and Joseph Chen are co-founders of Anduril.

What does Anduril do?
Anduril is an A.I. product company that puts products ahead of the process and develops technology for defense, law enforcement, and border security applications.

Who are the main competitors of Anduril?
Some of Anduril's main competitors are:

Lockheed Martin
Raytheon
Rebellion Defense
Shield AI
PrecisionHawk Inc
Kespry Inc