/People

Trae Stephens

InvestorUnicorn founder

Founder at Anduril · Partner at Founders Fund · Co-Founder at Pursuit

San Francisco, CA

Writes $500K – $150M checks · typically $5M

FoundedAnduril$61BPursuit · YC

Midas 2024 · #91Midas 2025 · #19Midas 2026 · #7

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About

Trae Stephens is a partner at Founders Fund and a co-founder and chairman of defense technology company Anduril, whose rise to a $61 billion valuation propelled him to number 7 on the 2026 Forbes Midas List. A former Palantir engineer, he focuses on national security and government-facing startups and has become one of the leading voices for Silicon Valley's return to defense work.

Contact· self-published, not guessed

Invests in

AI & Machine LearningBiotechDefense TechFintechSpace Tech

Beyond investing

Founded
Stephens co-founded Anduril Industries in 2017 alongside Palmer Luckey, Matt Grimm, Joe Chen, and Brian Schimpf. Stephens co-founded Sol (at one point Sindarin Inc.) in 2021, developing a next-generation wearable e-reader device. Stephens co-founded Varda Space Industries in 2020 with Delian Asparouhov and Will Bruey. Stephens co-founded Valinor Enterprises in 2024, an incubator of product companies.
Education
Studied at Georgetown University (degree in Regional and Comparative Studies (Middle East), Arabic and Security Studies, 2005) Studied at Walsh School of Foreign Service
Boards
Stephens is a commissioner at the Atlantic Council Commission on Software-Defined Warfare. Stephens served as a federal advisory committee member on the Defense Innovation Board, chaired by Eric Schmidt, and co-authored a software acquisition study for it in 2019.
Communities
Stephens describes himself as Christian and in June 2024 preached a sermon to tech entrepreneurs about the intersection of Christian faith and innovation. Stephens grew up in Lebanon, Ohio, and was a senior at Lebanon High School during the September 11 attacks.
Hobbies
Stephens is interested in prepping and has built an emergency bunker and keeps a survival kit.
Family
Stephens is married to Michelle Stephens and they have two sons. His wife founded ACTS 17 (Acknowledging Christ within Technology and Society), a Christian nonprofit ministering to elites.
More
Stephens served on President-elect Donald Trump's 2016 transition team, leading the Department of Defense transition effort. Stephens became a billionaire in June 2025 after Anduril's Series G fundraising round.

Mentioned above: the Georgetown mafia → · the Anduril mafia →

From published sources — common ground for a warm intro.

Co-Founder at PursuitYC W22

Intro paths

YC

Trae went through Y Combinator (Winter 2022) — any YC alum in your network can reach them through the YC community.

→

In turn, Trae can intro founders to Pursuit's investors below.

Co-founders at Pursuit

JGJosh Green
Josh GreenFounder
MMMason Meier
Mason MeierFounder
TMTyler Morris
Tyler MorrisCo-Founder & General Counsel
AHAdam Hueniken

Founder at Anduril

Intro paths

→

In turn, Trae can intro founders to Anduril's investors below.

Anduril's investors · 114

137 VenturesSan Francisco1435 CapitalSkillman1789 CapitalPalm Beach · since 20261Flourish CapitalMountain View8VCAustin · $500K – $50M checks9Yards CapitalNew York · $100K – $10M checksAccelPalo Alto · $500K – $100M checks · since 2026Aliya Capital PartnersMiamiAltimeter CapitalMenlo Park · $1M – $25M checksAltra VentureNew York City · $500K – $25M checksAndreessen HorowitzMenlo Park · $500K – $50M checks · since 2026Anorak VenturesLos Angeles · $25K – $400K checksAntiSan Juan · $250K – $30M checksArgonautic VenturesNew York · $5M checksBalaji Srinivasan$10K – $500K checksBalerion Space VenturesDallasBeaconsfield CapitalBezos ExpeditionsBooz Allen VenturesMcLeanBrave CapitalSan RafaelBroadLight CapitalGreenwichBroom VenturesSan FranciscoBVVCBurr RidgeChampion Hill Ventures$500K – $1M checks · since 2022Coatue ManagementNew York · $1M – $20M checksCollective LiquidityPlantationContrarySan Francisco · $2M checksCoral CapitalTokyo · $500K – $5M checksCortado VenturesOklahoma CityCosmic Venture PartnersAustin · $100K – $5M checksCraft VenturesSan Francisco · $50K – $50M checksCrossbeam Venture PartnersNew York · $1M – $1.5M checksDragon CapitalFremontElad GilSan Francisco · $100K – $10M checks · since 2026Elementum VenturesSan Francisco · $250K – $1.5M checksElevate VenturesIndianapolis · $20K – $2M checksEmbedded VenturesLos AngelesEQUIAMSan Francisco · $1M – $10M checksEthos VCSan Francisco · $250K – $3M checksFactorial FundsSan FranciscoFelicis VenturesSan Francisco · $500K – $15M checksFifth Down CapitalDoverFirst InHobe Sound · $500K – $2M checksFJ LabsNew York · $100K – $3M checksFloodgateMenlo Park · $500K – $5M checksFlyover CapitalKansas City · $500K – $2M checksForward Deployed VCFounders FundSan Francisco · $500K – $5M checks · since 2026Friends Family CapitalSilicon ValleyGaingelsNew York · $200K – $500K checksGaldana VenturesBarcelonaGeneral CatalystSan Francisco · $30M checksGestio CapitalLondonGoalvest VentureNew YorkGreycroftNew York · $100K – $5M checksHaystackSan Francisco · $1M – $3M checksHuman CapitalSan Francisco · $250K – $200M checksHustle FundSan Carlos · $150K checksHyperguapICONIQSan Francisco · since 2026ICONIQ CapitalSan Francisco · $5M – $100M checksIn-Q-TelTysons · $100K – $2.5M checksInflection VenturesNew YorkIronArc VenturesAustinJovonoCalifornia · $50K – $3M checksK5 GlobalSan Francisco · $1M – $3M checksKhosla VenturesMenlo Park · $100K – $20M checksKoru CapitalKyber Knight CapitalSan FranciscoLakestarZurich · $540K checks · since 2026Lightspeed Venture PartnersMenlo Park · $1M – $5M checksLiquid VenturesSan Francisco · $250K – $5M checksLong Journey VenturesSan Francisco · $100K – $1M checksLux CapitalNew York · $100K – $100M checks · since 2026Manhattan WestLos AngelesManta Ray VenturesLondonmark vcAustinMarketX VenturesMarlinspike PartnersArlington · since 2022MDSV CAPITALPalo AltoMVP VenturesChicagoNever Lift VCNew York · since 2026Palumni VCMiami · $127K checksPerot JainDallas · $500K checksPHD VenturesPIPELINE CAPITAL PARTNERSLas VegasPLUS CapitalVenice · $100K – $1M checksPractical Venture CapitalSilicon ValleyPrimary Venture PartnersNew York · $1M – $3M checksRed Beard VenturesWestport · $90K – $300K checksRevolutionWashington, D.C. · $100K – $1M checksRosecliff VenturesNew York City · $500K checksSaga VenturesAustinSciFi VCSan Francisco · $100K – $1M checksSero Capital, LLCMiami BeachSilent CapitalSilent VenturesDallas · $1.5M – $3M checksSinai Capital PartnersSozo VenturesRedwood CitySparkwave CapitalSparq Capital (SFO)Palo AltoSummit Peak InvestmentsFort WorthSV AngelSan Francisco · $150K – $20M checksTexas VenturesHoustonThrive CapitalNew York · $500K – $25M checks · since 2026Toba CapitalLos Angeles · $1M – $10M checksU.S. Air Forcesince 2019Valor Equity PartnersChicagoVU Venture PartnersSan Francisco · $200K – $1M checksWashington Harbour PartnersArlingtonWealthUnion$10K checksWormhole CapitalXYZ Venture CapitalSan Francisco · $10K – $5M checksZero Index

Co-founders at Anduril

PLPalmer Luckey
BS
Brian SchimpfFounder
JC
Joe ChenFounder
JCJoseph Chen
MG
Matt GrimmFounder

Deals · 3

FlexportBoard seat

via Founders Fund · filed Feb 2022 · $935.4M raise

Eight SleepBoard seat

via Founders Fund · filed Jul 2021 · $87.6M raise

Gecko RoboticsQuoted

via Founders Fund · filed May 2025

Attribution from SEC filings, press coverage, and firm rosters.

Other disclosed investments

Board seats

Varda Space IndustriesVarda Space Industries

Sources: SEC Form D filings · curated public sources.

Podcasts & interviews

featuring Trae Stephens

Trae Stephens: Why No Company is Successful Because of their VC | E1135

20VC with Harry Stebbings

Andruil co-founder Trae Stephens Talks Innovating in an Age of War | Bloomberg Talks

Bloomberg Podcasts

Anduril Founder Trae Stephens on Our Modern Defense System

goop

Trae Stephens on Anduril’s Origin, Peter Thiel, & Palantir DNA

Sourcery with Molly O'Shea

Anduril & Founders Fund’s Trae Stephens on Choosing Good Quests in the Age of AI | Ep. 35

Uncapped with Jack Altman

Trae Stephens – Anduril’s AI Weapons, Palantir Myths, Antichrist and War with China | SRS #245

Shawn Ryan Show

6 more appearances

Colleagues at Founders Fund

Network1

Investors connected to Trae in public investor directories — a warm-intro map.

Frequently asked questions

Who is Trae Stephens?
Trae Stephens is a partner at Founders Fund and a co-founder and chairman of defense technology company Anduril, whose rise to a $61 billion valuation propelled him to number 7 on the 2026 Forbes Midas List. A former Palantir engineer, he focuses on national security and government-facing startups and has become one of the leading voices for Silicon Valley's return to defense work.
Where does Trae Stephens work?
Trae Stephens is Founder of Anduril and Partner at Founders Fund and Co-Founder at Pursuit.
What does Trae Stephens invest in?
Trae Stephens invests in AI & Machine Learning, Biotech, Defense Tech, Fintech, Space Tech.
What check size does Trae Stephens write?
Trae Stephens typically writes checks of $500K – $150M.
What companies did Trae Stephens found?
Trae Stephens founded Anduril, Pursuit.
What boards does Trae Stephens sit on?
Trae Stephens holds tracked board seats at Eight Sleep, Flexport, Flexport, Varda Space Industries, Varda Space Industries.
What companies has Trae Stephens invested in?
Investments tracked here include Anduril, Armada AI, Biofire, Campus, Carbyne, Contact, Dirac, Eight Sleep, Erebor, Expanse, Flexport, Galvanick, and 13 more.
What podcasts and interviews feature Trae Stephens?
Tracked appearances include "Trae Stephens: Why No Company is Successful Because of their VC | E1135", "Andruil co-founder Trae Stephens Talks Innovating in an Age of War | Bloomberg Talks", "Anduril Founder Trae Stephens on Our Modern Defense System", and 9 more.

Founder mafias

About this profile. Compiled from public sources — Founders Fund's own website, regulatory filings, press coverage and public professional profiles — and summarised by Fundraising Fox; every fact is kept with where it came from. Spotted an error, or would rather not be listed? Email privacy@fundraisingfox.com · How we build profiles · Your rights