Forbes: The Next Billion-Dollar Startups 2018
Founders: Joe Chen, Matt Grimm, Palmer Luckey, Brian Schimpf (CEO), Trae Stephens
Equity Raised: $58.5 million
Estimated 2018 Revenue: $4 million
Lead Investors: Founders Fund, 8VC
Anduril, which was cofounded by Palmer Luckey, the man behind Oculus Rift virtual reality headset, is a defense firm. Its main product is a system of thousands of sensors that uses machine learning to identify what’s happening in the field. Today, it is building a “virtual border wall” to detect people crossing the border rather than animals or other things moving in the distance. “If you can build a platform like that, you can build a lot of cool things on top of it,” says Luckey.