Anduril Raises $5 Billion, Doubling Valuation to $61 Billion

Defense technology startup Anduril has officially closed a massive $5 billion Series H funding round, led by returning investors Thrive Capital and Andreessen Horowitz. This significant capital injection doubles the company's valuation to $61 billion, a sharp increase from the $30.5 billion valuation recorded just under a year ago. The fundraising milestone follows a period of substantial growth for the nine-year-old firm, which reported doubling its annual revenue to $2.2 billion in 2025. Since its founding in 2017, Anduril has raised over $11 billion in total capital. Alongside this financial news, the company announced several key contract wins, including participation in the U.S. Space Force's space-based missile defense system and agreements with the Dutch Ministry of Defense and the U.S. Army. The article also contextualizes Anduril's success within a broader trend of increased venture capital interest in the defense sector, citing recent funding rounds for competitors like Shield AI, Hermeus, and Helsing. Despite Anduril's dominance, the U.S. Department of Defense continues to diversify its partnerships, recently selecting Shield AI software to complement Anduril's hardware.