Anduril Industries - Virtual Border Wall

 

Anduril Industries 

Headquarters: Irvine, CA

Founders: Palmer Luckey, Brian Schimpf (CEO), Trae Stephens, Matt Grimm, Joe Chen

Funding: $180 million

Valuation: Just under $1 billion

Former Oculus cofounder Palmer Luckey is back after his dramatic exit from Facebook (he has hinted that the company fired him from the virtual reality unit for his political views, which it denies) with a defense technology startup called Anduril Industries, founded in 2017. The company makes a threat-detection system, using data from sensors mounted on towers, drones, and vehicles to create a real-time, 3D model of an area. It has contracts with the Marine Corps and UK’s Royal Navy, as well as with Customs and Border Protection for what has been described as a controversial “virtual border wall.” Following a report that it became a unicorn after a recent fundraise, the company confirmed to Forbes that it now has $180 million in total funding and a near-billion valuation.

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