Fundraising FoxAdranos
AcquiredMchenry, US · Founded 2017 · Delaware corporation · 3 known investors
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Acquired by Anduril Industries June 2023 · terms undisclosed — Not disclosed · source ↗
Adranos was a Purdue University spinout that manufactured solid rocket motors and a proprietary aluminum-lithium rocket fuel called ALITEC for missiles and space-launch vehicles.
Founders & leadership
Investors · 3
Funding
SEC filings, press & company announcements$8M disclosed across 2 rounds · 2020–2022
- $1MraisedFeb 2020 · 2 sourcesSource ↗
▶$7MraisedApr 2022 · 7 investors · Other TechnologyRule 506(b)
- Archibald CoxDirector
- Ganson EvansDirector
- Brandon C. TerryExecutive Officer, Director
- Christopher D. StokerExecutive Officer, Director
- Offering amount
- $8.3M
- Amount sold
- $7M
- Minimum investment
- $25K
- First sale
- Mar 2022
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Non-dilutive funding · 3 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| U.S. Air ForceAir Force | Phase II | 2020 | $450K |
| U.S. ArmyArmy | Phase I | 2020 | $110.3K |
| U.S. Air ForceAir Force | Phase I | 2019 | $50K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
In the news
Frequently asked questions
- What does Adranos do?
- Adranos was a Purdue University spinout that manufactured solid rocket motors and a proprietary aluminum-lithium rocket fuel called ALITEC for missiles and space-launch vehicles.
- Who are Adranos's investors?
- Adranos's investors include Balerion Space Ventures, Sica Ventures, Explorer 1 Fund.
- How much funding has Adranos raised?
- Adranos has disclosed $8M raised across 2 rounds.
- Where is Adranos headquartered?
- Adranos is headquartered in Mchenry, US.