Anduril ARR hits $1B
This Note-taking AI hit $15M ARR in 18 months
Investor Elad Gil wrote an interesting essay titled Index Companies 5 years ago, which he defined as:
Index companies often take a cut of every transaction in their space, or are a piece of infrastructure everyone in the market needs. For example, it is a hard to launch something into space in the West without using SpaceX. These companies may be ways to participate in the market broadly without having to worry about how wins in it.
Some example index companies are:
Anduril - index defense
Coinbase - index crypto
NVIDIA - index AI
Stripe - index e-commerce
SpaceX - index space
Take the example of Stripe, it is:
For many years Stripe effectively acted as an index of startups in online commerce. One can argue Stripe is now a proxy for the underlying global online economy. Buying Stripe means buying an important subset of the internet.
As the index company in Defense, Anduril is growing rocket. It is currently in discussions to secure up to $2.5 billion in funding with a valuation of $28 billion. While its revenue has seen impressive growth, reportedly doubling to around $1 billion last year.
Elad said Anduril is in a magic moment that only a handful of generational companies ever see. Everything accelerates / you become the center of the universe for a domain. You get the best people. You build the best products. You get the biggest opportunity to change the world.
Anduril ARR at $1B
Anduril Industries, Inc. is a prominent American defense technology company that focuses on advanced autonomous systems designed to enhance military capabilities for the U.S. and allied forces. Founded in 2017 by a team of innovative entrepreneurs and defense experts, including Palmer Luckey, the company aims to leverage advanced technology for defense applications.
Anduril specializes in various high-tech products and services. Among its notable technologies are:
Autonomous Systems: These include drones and surveillance platforms that can operate independently or with minimal human intervention, supporting reconnaissance and operational missions.
Lattice Technology: A real-time data processing and visualization platform designed to improve situational awareness and decision-making capabilities in military operations.
Defense and Security Solutions: This includes advanced sensor systems and integrated defense solutions tailored to meet the evolving challenges in modern warfare.
In August 2024, Anduril raised $1.5 billion in a Series F funding round, valuing the company at $14 billion.
However, 3 other AI startups also hit a big milestone, while:
Attentive ARR hits $500M
Attentive is a prominent AI-powered marketing platform that specializes in SMS and email marketing. It is designed to enhance customer engagement through personalized communication strategies. The platform is particularly beneficial for businesses looking to optimize their marketing efforts by leveraging data-driven insights to create tailored messaging for their audience.
It is particularly effective for e-commerce brands, retail businesses, and any organization that relies on direct customer communication. For instance, brands can use Attentive to send promotional offers, product updates, and personalized recommendations based on customer purchase history.
Attentive has achieved a significant milestone by surpassing $500 million in Annual Recurring Revenue (ARR) in 2024.
Dbt Labs ARR hits $100M
Dbt Labs is a company that specializes in data transformation tools, particularly the data build tool (dbt). Dbt is an open-source command line tool that enables data analysts and engineers to transform data in their data warehouses more effectively.
It allows users to write modular SQL queries, which can be easily tested and version-controlled, similar to software development practices. This approach empowers data practitioners to take ownership of their analytics workflows, bridging the gap between data and business insights.
After crossing $100 million in annual recurring revenue (ARR). CEO Tristan Handy says "AI is certainly a nice tailwind.”
In my last piece 3 AI hits $100M ARR, Deel ARR surpassed $800M in 5 years, I recorded 3 AI hits $100M ARR in a very short time.
Now Note-taking AI is also at a fast-growing pace, in an article last year, I wrote about 7 AI Note-Taking startups that raised $500M+, each having soaring growth. Now one of them surpassed $15M ARR in just 1.5 years.