Anduril is a defense products company. Unlike most defense companies, they don’t wait for customers to tell them what they need. Anduril identifies problems, privately fund their R&D and sell finished products off the shelf. Ideas are turned into deployed capabilities in months, not years, saving the government and taxpayers money along the way.
Faction Ventures, LLC (“Faction”) and Lightspeed Management Company, L.L.C. (“Lightspeed”) are separate businesses that operate independently of each other. Faction is a registered investment adviser under the United States Investment Advisers Act of 1940, as amended. Faction advises its own fund(s) and does not advise any Lightspeed clients, and Lightspeed does not advise Faction or any of its clients. Lightspeed and Faction are parties to an agreement pursuant to which Lightspeed holds certain interests in Faction and the fund(s) Faction manages.
