Anduril and the U.S. National Security and Defense Market

The US government will spend $858,000,000,000 on defense in 2023. $34 billion, or 4%, will go to startups for early-stage research and development.

Anduril is building technology in the defense sector. Still, defense tech is part of a broader “National Security Ecosystem” of companies working to improve our economic, societal, military, and technological foundation. This sector is evolving rapidly, so I created a market map to understand better the current state of the entire defense & national security startup ecosystem. Whether you are a startup founder, venture capitalist, or defense industry operator, this market map will provide a clear view of today's ecosystem.

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Multiple on Invested Capital (or “MOIC”) in Venture Capital