Anduril announced a potential IPO. “Palmer Luckey, co-founder of the company, is on record saying it's "important" for Anduril to IPO, and, in fact, the company is "on a path to being a publicly traded company" after doubling its 2024 revenue to $1 billion” — Nasdaqon March 3, 2025.
Company details
Anduril was founded in 2017 by Palmer Luckey, Brian Schimpf, Joseph Chen, Matt Grimm, and Trae Stephens. Anduril has raised $2.7 billion and is valued at nearly $10 billion as of December 2023, according to Yahoo Finance. In a discussion with Yahoo, founder Palmer Luckey articulated that “Anduril intends to go public”, however, has not officially endorsed or confirmed a plan to participate in an IPO.
Anduril is a military defense and border surveillance technology company. Per Forge data, Anduril Industries has raised $2.2 billion in funding over 7 rounds. Their latest funding was raised on Dec 2, 2022, from a Series E round. Key investors include Founders Fund, General Catalyst, and Valor Equity Partners.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Anduril is a privately held company and is not publicly traded, therefore investing in Anduril pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
Can you sell shares of Anduril before it goes public?
You can seek to sell your shares in Anduril while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.
What is the pre-IPO value of my Anduril shares?
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Is Anduril a publicly traded company?
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
To learn more about Anduril potential IPO
Will Anduril go IPO?
Anduril has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.
What is Anduril’s IPO price?
The Anduril IPO price does not exist at this time, as Anduril is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Anduril register for Forge Markets, today.
When was Anduril founded?
Anduril was founded in 2017.
What is Anduril funding to date?
Anduril has raised $6.54B to date.
Anduril major investors
Sands Capital
D1 Capital Partners
General Catalyst
Msa Capital
9yards Capital
Marlinspike
Lachy Groom
Formic Ventures
Lux Capital
Sozo Ventures
Mark Vc
Baillie Gifford
Lightspeed Ventures
Spark Capital
Founders Fund
Mvp Ventures
Anorak Ventures
Andreessen Horowitz
137 Ventures
Wcm Investment Management
Sv Angel
Franklin Venture Partners
Valor Equity Partners
Fj Labs
Dfj Growth
Thrive Capital
Liquid 2 Ventures
Counterpoint Global
8vc
Ethos Vc
Altimeter Capital
Human Capital
Spur Capital Partners
Contrary Capital
Fidelity
Elad Gil
Elementum Ventures
Us Innovative Technology Fund
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Anduril funding rounds and valuation
Funding history chart
Funding round details
Funding Date
Share Class
Amount Raised
Price per Share
Post-Money Valuation
Key Investors
03/20/2025
Series G
$2.58B
$xx.xx
$28B
Founders Fund
Price per Share
$xx.xx
Shares Outstanding
63,150,410
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
Founders Fund
06/26/2024
Series F
$1.12B
$xx.xx
$14B
Altimeter Capital, Baillie Gifford, Counterpoint Global, Fidelity, Founders Fund, Franklin Venture Partners, Sands Capital
Price per Share
$xx.xx
Shares Outstanding
51,333,663
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
Altimeter Capital, Baillie Gifford, Counterpoint Global, Fidelity, Founders Fund, Franklin Venture Partners, Sands Capital
06/26/2024
Series F-1
$384.18MM
$xx.xx
$14B
Altimeter Capital, Baillie Gifford, Counterpoint Global, Fidelity, Founders Fund, Franklin Venture Partners, Sands Capital
Price per Share
$xx.xx
Shares Outstanding
22,092,936
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
Altimeter Capital, Baillie Gifford, Counterpoint Global, Fidelity, Founders Fund, Franklin Venture Partners, Sands Capital
12/02/2022
Series E
$1.48B
$xx.xx
$8.48B
8vc, Andreessen Horowitz, Dfj Growth, Elad Gil, Founders Fund, General Catalyst, Human Capital, Lachy Groom, Lightspeed Ventures, Lux Capital, Marlinspike, Mvp Ventures, Thrive Capital, Us 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 Capital, Lachy Groom, Lightspeed Ventures, Lux Capital, Marlinspike, Mvp Ventures, Thrive Capital, Us Innovative Technology Fund, Valor Equity Partners, Wcm Investment Management
06/17/2021
Series D
$580.33MM
$xx.xx
$4.6B
8vc, Andreessen Horowitz, D1 Capital Partners, 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 Partners, Elad Gil, Founders Fund, General Catalyst, Lux Capital, Valor Equity Partners
07/01/2020
Series C
$200MM
$xx.xx
$1.92B
8vc, Andreessen Horowitz, Formic Ventures, Founders Fund, General Catalyst, Human Capital, 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, Formic Ventures, Founders Fund, General Catalyst, Human Capital, Liquid 2 Ventures, Lux Capital, Valor Equity Partners
07/01/2020
Series C-1
$16.91MM
$xx.xx
$1.92B
8vc, Andreessen Horowitz, Formic Ventures, Founders Fund, General Catalyst, Human Capital, 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, Formic Ventures, Founders Fund, General Catalyst, Human Capital, Liquid 2 Ventures, Lux Capital, Valor Equity Partners
09/11/2019
Series B
$122.72MM
$xx.xx
$1.04B
Andreessen Horowitz, Founders Fund, Human Capital, 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 Capital, Valor Equity Partners
05/18/2018
Series A
$41MM
$xx.xx
$261.54MM
Founders Fund, Mark Vc
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, Mark Vc
07/28/2017
Series Seed
$17.62MM
$xx.xx
$88.12MM
8vc, Anorak Ventures, Elementum Ventures, Founders Fund, General Catalyst, Lux Capital, Spark Capital, 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
8vc, Anorak Ventures, Elementum Ventures, Founders Fund, General Catalyst, Lux Capital, Spark Capital, Sv Angel
While a business based largely on government contracts might not seem bullish in this current environment of federal cuts, one company that still seems to be ramping up is Anduril, a defense company that develops technology like autonomous air systems and command-and-control software.
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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