Anduril Doubles Valuation to $61B After Massive $5B Raise

Anduril Industries has secured another huge funding round, raising $5 billion in fresh capital and pushing the defense tech company’s valuation to an eye-catching $61 billion.

The Series H round was led by returning investors Thrive Capital and Andreessen Horowitz, according to the company’s announcement on Wednesday.

The new valuation marks a dramatic jump from less than a year ago, when Anduril raised $2.5 billion at a $30.5 billion valuation in a funding round led by Founders Fund. At the time, Founders Fund revealed it had written a $1 billion check — the largest investment in the firm’s history.

Founded in 2017, Anduril has rapidly become one of the biggest success stories in the defense technology sector, benefiting from soaring investor interest in military AI, autonomous weapons systems, and national security infrastructure.

CEO Brian Schimpf said the company doubled its revenue in 2025 to approximately $2.2 billion, helping fuel the surge in valuation and investor demand.

The company has also continued expanding its government contracts both inside and outside the United States.

In recent weeks, Anduril announced participation in a project to develop a space-based “golden dome” missile defense shield designed to protect the continental U.S. The company also secured a contract with the Dutch Ministry of Defense and another agreement with the U.S. Army for battle management software powered by its Lattice platform.

Lattice is Anduril’s AI-driven defense operating system designed to process and analyze data from multiple military systems in real time.

Despite Anduril’s dominance in venture capital circles, the U.S. Department of Defense appears cautious about relying too heavily on a single defense startup.

Another major drone company, Shield AI, recently had its software selected by the U.S. Air Force to integrate with Anduril’s autonomous Fury fighter jet instead of awarding the entire hardware and software contract to one company.

That move signals growing competition inside the rapidly expanding defense tech industry, where AI-powered military systems are attracting enormous amounts of investor capital.

The broader sector has seen a wave of major fundraising activity over the past year.

Shield AI raised $1.5 billion earlier this year at a $12.7 billion valuation, while hypersonic aircraft company Hermeus recently secured $350 million at a valuation above $1 billion.

Meanwhile, European defense startup Helsing is reportedly nearing a new $1.2 billion funding round that could value the company around $18 billion.

Schimpf noted that when Anduril launched nine years ago, defense technology was not viewed as an attractive venture capital category. That has changed dramatically as geopolitical tensions, AI advancements, and military modernization efforts drive unprecedented investment into the sector.

With this latest round completed, Anduril has now raised more than $11 billion from investors overall, cementing its position as one of the world’s most valuable privately held defense technology companies.

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