- Anduril Industries has raised $5 billion in a new funding round led by Thrive Capital and Andreessen Horowitz, doubling its valuation to $61 billion.
- The funding confirms earlier speculation reported in March that Anduril was seeking around $4 billion at a valuation close to $60 billion.
- The defence technology company has grown rapidly, doubling revenue to $2.2 billion in 2025.
Anduril Industries has secured $5 billion in fresh funding, pushing its valuation to $61 billion, reports Reuters.
The round was led by Thrive Capital and Andreessen Horowitz, nearly doubling Anduril’s valuation from the $30.5 billion it achieved during its June 2025 financing round.
The announcement also confirms speculation that emerged earlier this year when reports suggested the California-based company was seeking around $4 billion in new funding at a valuation close to $60 billion.
The company has gained prominence as modern warfare increasingly shifts towards software-heavy systems and autonomous platforms rather than traditional military hardware. The war in Ukraine and rising geopolitical tensions have accelerated global military spending, creating a stronger demand for low-cost autonomous defence products.
Founded in 2017 by Palmer Luckey, alongside Brian Schimpf, Trae Stephens, Joseph Chen, and Matt Grimm, California-based Anduril was built to modernise defence systems using autonomous technologies and software-driven military platforms. The company has since become one of the most prominent defence startups in the United States, backed early on by billionaire investor Peter Thiel.
Anduril builds drones, surveillance towers, sensors, and autonomous defence systems designed for military and border security operations. Its core technology is powered by a command-and-control software system that integrates battlefield data, surveillance feeds, and autonomous hardware into a unified operational network.
Anduril has already secured major government contracts. In March, the company won a US Army deal worth up to $20 billion over the next decade to integrate its Lattice software and related hardware into mission-ready defence systems. In 2024, it was also selected for the US Air Force’s Collaborative Combat Aircraft programme, beating established defence contractors to help develop unmanned aircraft designed to operate alongside fighter jets.
The company competes with traditional defence giants such as Lockheed Martin, RTX, and Boeing, while also facing growing competition from newer defence technology startups entering the autonomous systems market.
The new funding will support aggressive expansion across manufacturing, research, and defence infrastructure. The company is scaling production at its Arsenal-1 factory in Ohio, where it plans to mass-produce drones and advanced defence systems as global demand continues to rise.
