Anduril Industries has raised $1.5 billion in Series F funding round co-led by Sands Capital and Founders Fund and will use the capital to launch a 5 million-square-foot manufacturing facility, called Arsenal-1, to support the mass production of autonomous systems and weapons.
The latest funding round brings Anduril’s valuation to $14 billion and includes new and existing investors such as Fidelity Management & Research Company, Counterpoint Global, Gifford, Altimeter and Franklin Venture Partners, the defense startup said Wednesday.
Anduril noted that it will also use the investment to improve its processes, advance supply chain resiliency, expand infrastructure, support tooling upgrades and increase hiring.
Reports about the new funding round first emerged in June.
Arsenal-1 Facility
Anduril said it expects the proposed factory, called Arsenal-1, to use commercially available materials and components, leverage a modular approach and simple design processes and hire thousands of workers to manufacture weapons systems at hyperscale to meet the demand surges and urgent needs of the U.S. military and its allies.
Arsenal-1 will advance the use of software-defined capabilities, including a proprietary manufacturing software platform designed to integrate modeling, simulation, threat-based operational analysis, bills of materials management, testing, data management, production and work orders across the product lifecycle.
