PRIVATE MARKET UPDATE
Anduril, founded in 2017 by Palmer Luckey, Brian Schimpf, Joseph Chen, Matt Grimm and Trae Stephens, is a military defense and border surveillance technology company that develops autonomous systems and drones for military and national security customers. The company's work supports the U.S. Department of Defense, and it has been expanding its production capacity, including a manufacturing facility planned in Ohio.
Anduril operates within the aerospace and defense sector, where it designs hardware and software intended to serve defense and national security missions. It has raised capital from prominent institutional and strategic investors. In August 2025, Invezz reported that Anduril's management did not expect an initial public offering (IPO), and that its shares were not yet available to public investors. Publicly traded competitors in the defense sector include Lockheed Martin (LMT), RTX Corporation (RTX) and Palantir Technologies (PLTR).
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
| Funding Date | Round | Amount Raised | Price per Share | Post-Money Valuation 3 | Key Investors | |
|---|---|---|---|---|---|---|
| 05/13/2026 | Series H | $5B | $68.95 | $61B | Andreessen Horowitz, Coral Capital, Thrive Capital | |
|
Price per Share
$ xx.xx
Shares Outstanding
72,516,316
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Coral Capital, Thrive Capital
|
||||||
| 01/14/2026 | Series G-1 | $500M | $42.93 | $32.54B | Undisclosed Investors | |
|
Price per Share
$ xx.xx
Shares Outstanding
11,647,680
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
| 06/05/2025 | Series G | $2.5B | $40.88 | $30.5B | 2468 Ventures, Align Ventures, Altimeter Capital Management, Andreessen Horowitz, Baillie Gifford, BFA Global Investors, Cosmic Venture Partners, Craft Ventures, Deep Tech Fund Advisors, Fabrica Ventures, Factorial Funds, Founders Fund, Gaingels, Galdana Ventures, Gallery Ventures, Gestio Capital, Greycroft, Guindy Alumni Angels, Hypersonic Ventures, IronArc Ventures, Jade Cove Partners, K5 Global, Koru Capital, Lux Capital, Malex Enterprises, Next Round Capital Partners, NVTBL Ventures, Overwatch Capital, OVTR VC, Pipeline Capital Partners, Pittco Management, Plus Capital, Rosecliff, Saga Ventures, Saraswati Ventures, SciFi Vc, Simple Capital Partners, Sparkwave Capital, Timber Grove Ventures, Unity Growth Fund, V12 Partners, Vu Venture Partners, Washington Harbour | |
|
Price per Share
$ xx.xx
Shares Outstanding
61,150,410
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
2468 Ventures, Align Ventures, Altimeter Capital Management, Andreessen Horowitz, Baillie Gifford, BFA Global Investors, Cosmic Venture Partners, Craft Ventures, Deep Tech Fund Advisors, Fabrica Ventures, Factorial Funds, Founders Fund, Gaingels, Galdana Ventures, Gallery Ventures, Gestio Capital, Greycroft, Guindy Alumni Angels, Hypersonic Ventures, IronArc Ventures, Jade Cove Partners, K5 Global, Koru Capital, Lux Capital, Malex Enterprises, Next Round Capital Partners, NVTBL Ventures, Overwatch Capital, OVTR VC, Pipeline Capital Partners, Pittco Management, Plus Capital, Rosecliff, Saga Ventures, Saraswati Ventures, SciFi Vc, Simple Capital Partners, Sparkwave Capital, Timber Grove Ventures, Unity Growth Fund, V12 Partners, Vu Venture Partners, Washington Harbour
|
||||||
| 06/26/2024 | Series F | $1.12B | $21.74 | $14B | 1435 Capital Management, AJI Capital, Altimeter Capital Management, Altra Venture Partners, APL Ventures, Aurochs Capital Management, Baillie Gifford, Balerion Space Venture, Brave Capital, Counterpoint Global Fund, Cursive Holdings, Dhuna Ventures, Fidelity Management, Founders Fund, Franklin Venture Partners, Gatsby Management, HyperGuap, In-Q-Tel, JAWS Estates Capital, JD Vance, JDY Capital, K5 Global, Mac Equity, MicroVentures, Newbrook Private Capital, Opulentia, Quiet Ventures, Sands Capital Ventures, Silent Ventures, The Nucleus Network, Tides Ventures, Tyrian Ventures, Wormhole Capital | |
|
Price per Share
$ xx.xx
Shares Outstanding
51,333,660
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1435 Capital Management, AJI Capital, Altimeter Capital Management, Altra Venture Partners, APL Ventures, Aurochs Capital Management, Baillie Gifford, Balerion Space Venture, Brave Capital, Counterpoint Global Fund, Cursive Holdings, Dhuna Ventures, Fidelity Management, Founders Fund, Franklin Venture Partners, Gatsby Management, HyperGuap, In-Q-Tel, JAWS Estates Capital, JD Vance, JDY Capital, K5 Global, Mac Equity, MicroVentures, Newbrook Private Capital, Opulentia, Quiet Ventures, Sands Capital Ventures, Silent Ventures, The Nucleus Network, Tides Ventures, Tyrian Ventures, Wormhole Capital
|
||||||
| 06/26/2024 | Series F-1 | $384.18M | $17.39 | $14B | 1435 Capital Management, AJI Capital, Altimeter Capital Management, Altra Venture Partners, APL Ventures, Aurochs Capital Management, Baillie Gifford, Balerion Space Venture, Brave Capital, Counterpoint Global Fund, Cursive Holdings, Dhuna Ventures, Fidelity Management, Founders Fund, Franklin Venture Partners, Gatsby Management, HyperGuap, In-Q-Tel, JAWS Estates Capital, JD Vance, JDY Capital, K5 Global, Mac Equity, MicroVentures, Newbrook Private Capital, Opulentia, Quiet Ventures, Sands Capital Ventures, Silent Ventures, The Nucleus Network, Tides Ventures, Tyrian Ventures, Wormhole Capital | |
|
Price per Share
$ xx.xx
Shares Outstanding
22,092,940
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
1435 Capital Management, AJI Capital, Altimeter Capital Management, Altra Venture Partners, APL Ventures, Aurochs Capital Management, Baillie Gifford, Balerion Space Venture, Brave Capital, Counterpoint Global Fund, Cursive Holdings, Dhuna Ventures, Fidelity Management, Founders Fund, Franklin Venture Partners, Gatsby Management, HyperGuap, In-Q-Tel, JAWS Estates Capital, JD Vance, JDY Capital, K5 Global, Mac Equity, MicroVentures, Newbrook Private Capital, Opulentia, Quiet Ventures, Sands Capital Ventures, Silent Ventures, The Nucleus Network, Tides Ventures, Tyrian Ventures, Wormhole Capital
|
||||||
| 12/02/2022 | Series E | $1.48B | $16.52 | $8.48B | 8VC, Andreessen Horowitz, DFJ Growth, Elad Gil, Founders Fund, General Catalyst, Human Ventures, Lachy Groom Fund, Lightspeed Venture Partners, Lux Capital, Marlinspike, MVP Ventures, Thrive Capital, U.S. Innovative Technology Fund, Valor Equity Partners, Wcm Investment Management | |
|
Price per Share
$ xx.xx
Shares Outstanding
89,417,664
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8VC, Andreessen Horowitz, DFJ Growth, Elad Gil, Founders Fund, General Catalyst, Human Ventures, Lachy Groom Fund, Lightspeed Venture Partners, Lux Capital, Marlinspike, MVP Ventures, Thrive Capital, U.S. Innovative Technology Fund, Valor Equity Partners, Wcm Investment Management
|
||||||
| 06/17/2021 | Series D | $580.33M | $12.29 | $4.6B | 8VC, Andreessen Horowitz, D1 Capital Group, Elad Gil, Founders Fund, General Catalyst, Lux Capital, Valor Equity Partners | |
|
Price per Share
$ xx.xx
Shares Outstanding
47,212,738
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8VC, Andreessen Horowitz, D1 Capital Group, Elad Gil, Founders Fund, General Catalyst, Lux Capital, Valor Equity Partners
|
||||||
| 07/01/2020 | Series C | $200M | $5.93 | $1.92B | 8VC, Andreessen Horowitz, Elad Gil, Formic Ventures, Founders Fund, General Catalyst, Human Ventures, Liquid 2 Ventures, Lux Capital, Valor Equity Partners | |
|
Price per Share
$ xx.xx
Shares Outstanding
33,735,915
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8VC, Andreessen Horowitz, Elad Gil, Formic Ventures, Founders Fund, General Catalyst, Human Ventures, Liquid 2 Ventures, Lux Capital, Valor Equity Partners
|
||||||
| 07/01/2020 | Series C-1 | $16.91M | $4.74 | $1.92B | 8VC, Andreessen Horowitz, Elad Gil, Formic Ventures, Founders Fund, General Catalyst, Human Ventures, Liquid 2 Ventures, Lux Capital, Valor Equity Partners | |
|
Price per Share
$ xx.xx
Shares Outstanding
3,566,071
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8VC, Andreessen Horowitz, Elad Gil, Formic Ventures, Founders Fund, General Catalyst, Human Ventures, Liquid 2 Ventures, Lux Capital, Valor Equity Partners
|
||||||
| 09/11/2019 | Series B | $122.72M | $3.61 | $1.04B | Andreessen Horowitz, Founders Fund, Human Ventures, Valor Equity Partners | |
|
Price per Share
$ xx.xx
Shares Outstanding
33,983,359
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Founders Fund, Human Ventures, Valor Equity Partners
|
||||||
| 05/18/2018 | Series A | $41M | $1.17 | $261.54M | Founders Fund, General Catalyst, Human Ventures, Mark VC, SV Angel | |
|
Price per Share
$ xx.xx
Shares Outstanding
34,932,691
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Founders Fund, General Catalyst, Human Ventures, Mark VC, SV Angel
|
||||||
| 07/28/2017 | Series Seed | $17.62M | $0.55 | $88.12M | 137 Ventures, 8VC, Anorak Ventures, Bedrock Capital, Elementum Ventures, Founders Fund, General Catalyst, Liquid 2 Ventures, Lux Capital, Revolution Group, Spark Growth Ventures, SV Angel | |
|
Price per Share
$ xx.xx
Shares Outstanding
31,917,754
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
137 Ventures, 8VC, Anorak Ventures, Bedrock Capital, Elementum Ventures, Founders Fund, General Catalyst, Liquid 2 Ventures, Lux Capital, Revolution Group, Spark Growth Ventures, SV Angel
|
||||||
One of the most closely watched companies among technology and military enthusiasts is Anduril, a defense startup that specializes in software and AI-driven products, such as counter-drone defense and autonomous air vehicles.
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| Trade Metrics | Last Funding Round | |||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Last Matched | Round | Post-Money Valuation 3 | Price Per Share | Amount Raised | ||
 | zSpace | Not available | $ xx.xx | Not available | -- | -- | -- | |
Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.
| Company | Forge Price (6M Change) | Market Activity | Last Matched | |
|---|---|---|---|---|
 |
DataRobot | $4.21 +$3.49 (484.72%) | Limited | $xxx.xx |
 |
SambaNova Systems | $75.32 +$56.27 (295.38%) | High | $xxx.xx |
 |
Stoke Space | $119.38 +$69.46 (139.14%) | Low | $xxx.xx |
 |
Zipline | $125.60 +$72.81 (137.92%) | High | $xxx.xx |
 |
Tensordyne | $33.96 +$19.46 (134.21%) | High | $xxx.xx |
| Company | Forge Price | Market Activity | Last Matched | |
|---|---|---|---|---|
 |
OpenAI | Not available | High | $xxx.xx |
 |
Anthropic | Not available | Medium | $xxx.xx |
 |
Databricks | $288.40 +$92.09 (46.91%) | High | $xxx.xx |
 |
Anduril | $140.00 +$27.44 (24.38%) | High | $xxx.xx |
 |
Cohere | Not available | Limited | $xxx.xx |
Updated on: Oct 28, 2026
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$140.00