Anduril

Anduril Industries, founded in 2017 by Palmer Luckey, Brian Schimpf, and Trae Stephens, is revolutionizing the defense and security landscape with its cutting-edge technology. Headquartered in Irvine, California, Anduril specializes in advanced AI-driven solutions, most notably its flagship product, Lattice. This innovative software platform integrates data from various sensors to provide real-time situational awareness, enabling defense agencies to monitor vast areas with minimal human intervention. Alongside Lattice, Anduril offers a suite of autonomous hardware, including drones and sensor towers, designed to enhance operational efficiency and decision-making.

In 2024, Anduril achieved remarkable growth, hitting $1 billion in revenue—an impressive 138% increase from the previous year—driven by significant government contracts, including a $642 million deal for AI-powered anti-drone systems. With a valuation of $14 billion and a robust cash reserve of $750 million, Anduril is well-positioned to capitalize on the evolving defense market, particularly as global military spending increases.

What sets Anduril apart from traditional defense primes is its innovative business model, which combines a SaaS-like approach with hardware sales, allowing for higher profit margins and faster market entry. By taking on R&D upfront, Anduril delivers pre-developed solutions that meet the urgent needs of military forces worldwide. As the company continues to expand its footprint in international markets, its vision remains clear: to redefine defense technology and ensure security through innovation.