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Anduril

Blurb: Anduril is an operator of a defense technology company intended to solve critical challenges in the national security sector. The company leverages virtual and augmented reality algorithms, computer vision, sensor fusion, optics, and automation to monitor threats and improve surveillance, enabling clients to radically transform defense capabilities and solve complex national security challenges.

Established in 2017 by Palmer Luckey, Anduril focuses on advanced defense technologies, its core products include autonomous drones, surveillance systems, and Al-powered defense solutions.

Anduril is among the most technologically advanced defense & security companies in the world and is notorious for being one of the most hard-to-access private market investments on the planet. We have been working to secure an allocation for more than 12 months.

Highlights:

• Anduril's focus on integrating artificial intelligence (Al) and autonomous systems into their products is a significant differentiator. For instance, their Lattice platform provides autonomous command and control across various systems, enabling rapid, data-driven decision-making in defense scenarios (Anduril, Anduril).

• Anduril emphasizes quick development cycles, allowing them to bring solutions to the market faster than many traditional defense contractors. This agility is crucial in adapting to the rapidly evolving needs of modern warfare and security (ASD News).

• The company's diverse product lineup includes cutting-edge technologies like the Pulsar Al-powered electronic warfare system, autonomous drones (e.g., Ghost, ALTIUS), and underwater vehicles (e.g. Dive-LD) (Breaking Defense).

• Securing significant government contracts, such as the $19 million deal to develop rocket motors for the Navy's Standard Missile-6, demonstrates Anduril's capability to deliver on high-stakes projects. These contracts validate their technology and provide substantial revenue streams and credibility (Anduril).

• Anduril's investment in large-scale production facilities, such as its new AUV production plant, showcases its ability to scale operations and meet increasing demand. This facility will enhance their production efficiency and capacity to support large defense projects (ASD News).

• Anduril's ability to attract substantial investment underscores investor confidence in their business model and future prospects. This financial strength allows them to invest in R&D and expand their capabilities (Crunchbase News).

• Founded by Palmer Luckey, Anduril benefits from visionary leadership that combines technological innovation with a deep understanding of defense needs. Luckey's previous success with Oculus VR and his drive for rapid innovation contribute to Anduril's competitive edge (Crunchbase News)

We understand that this opportunity won't be for everyone in our community due to the company's exposure to the defense and security sector. Whilst we're still waiting for final terms (valuation expected to be $12.5B), the round is moving extremely quickly and we expect everything to close within two weeks.

Deal Stage: Series F
Valuation: $12.5B ($26.54/share)
Co-Investors: Founders Fund, Andreessen Horowitz, General Catalyst, 8VC, Lux Capital, Thrive Capital, DFJ Growth, Elad Gil, Lachy Groom, Human Capital, Marlinspike, WCM Investment Management, MVP Ventures, Lightspeed Ventures.
Min./Max. Ticket: $5,000 / $250,000
Fees: 7% transaction fee + 20% carry
Deadlines: Wires before July 6th, 2024

This will be considered a soft commitment. Upon submission, your details will be forwarded to the fund managers overseeing the deal. They will then provide you with the pitch deck, investment memo, deal sheet, and all necessary information for you to research this opportunity thoroughly. Once you are satisfied, you can submit your hard commitment directly to the fund managers, who will then secure your participation in the deal.

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