Anduril Industries has successfully closed a significant funding round, raising $5 billion in Series H financing, which has propelled its valuation to an impressive $61 billion. This funding, announced by the company on Wednesday, was spearheaded by prominent investors Thrive Capital and Andreessen Horowitz.
This latest achievement marks a remarkable increase in valuation, having more than doubled from the $30.5 billion valuation it reached just a year ago when it raised $2.5 billion, led by Founders Fund.
In 2025, Anduril, a nine-year-old defense technology firm, reported a revenue growth to $2.2 billion, as detailed by CEO Brian Schimpf in a recent blog post. The company has been a clear favorite among venture capitalists, but the Department of Defense has indicated a preference for collaboration among various rising startups rather than committing to a single provider.
For instance, the Air Force has opted to work with Shield AI, another American drone company, on software for Anduril's "Fury" autonomous fighter jet, showcasing a strategy of shared innovation in defense technology.
Despite this collaborative approach, Anduril continues to thrive, recently announcing several contracts that extend its reach beyond the United States. Notably, the company is involved in developing a space-based missile defense system, referred to as the "golden dome," designed to safeguard the continental U.S. Additionally, it has secured contracts from the Dutch Ministry of Defense and the U.S. Army for its Lattice platform, which analyzes data from joint missile defense systems.
Schimpf noted that when Anduril was founded in 2017, the defense sector was not a major attraction for venture investment, a landscape that has significantly evolved in recent years. Recent examples of this trend include Shield AI's $1.5 billion Series G funding round and Hermeus, which raised $350 million for hypersonic unmanned fighter jets.
Overall, Anduril has raised over $11 billion from investors, underscoring the growing interest and investment in the defense technology sector.
As the landscape of defense technology continues to evolve, the influx of capital into companies like Anduril may lead to groundbreaking advancements, potentially reshaping the future of national security and defense strategies.