Palmer Luckey's defense company Anduril already valued at $1 billion

Anduril Industries is now valued at over $1 billion after latest funding round.

Published Thu, Sep 12 2019 11:09 AM CDT   |   Updated Tue, Nov 3 2020 11:47 AM CST

Palmer Luckey rode into the technology world like a tornado, pioneering VR with the Oculus Rift -- having his company acquired by Facebook for $2 billion, then off into the (real) sunset. Now his new company, Anduril Industries, is valued at $1 billion thanks to a new fundraising round.

Palmer Luckey's defense company Anduril already valued at $1 billion |

Back in mid-2017 he founded his new company Anduril, which uses lidar technology that powers self-driving cars -- with cameras and infrared systems as well as AI as a virtual wall. Anduril is working with the US government, and has plans of monitoring the battlefields of the future with what should amount to much less loss of human life.

Anduril has had a new fundraising round where the company is reportedly now valued at $1 billion, with venture capital firm Andreessen Horowitz signing a big cheque according to anonymous sources of CNBC.

Back in October 2018, Luckey talked to CNBC about Anduril, where he said: "When I was trying to figure out what I wanted to do next, I wanted to do something that I felt wasn't going to be done if I didn't do it. I felt like there were not nearly enough high-tech companies working on defense problems in a way that was more similar to the Silicon Valley model of innovation rather than a traditional defense contract".

Personally, I think it's great to have someone like Luckey building the future -- quite literally, in a Skynet-style security system. It's cheaper than a physical wall, offers far more protection, and gives the US an edge over other countries.

Buy at Amazon

Oculus Rift S PC-Powered VR Gaming Headset

TodayYesterday7 days ago30 days ago
* Prices last scanned on 1/28/2022 at 2:53 am CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles