Anduril Raises $5 Billion at $61 Billion Valuation

Anduril has secured a fresh $5 billion funding round, pushing its valuation to $61 billion and underscoring how aggressively investors now back defense technology.

The company says the round follows $2.2 billion in revenue in 2025, a figure that gives this raise more weight than a typical private-market splash. Reports indicate Thrive and Andreessen Horowitz, known as a16z, led the financing. That combination signals confidence not just in Anduril’s growth, but in the broader market for software-heavy military and security systems.

The size of the round stands out even in a market that has rewarded artificial intelligence and infrastructure companies with huge checks. Anduril now sits in a small class of private companies with the capital and valuation to shape an industry, not just compete inside it. For defense tech, that matters: scale can determine who wins procurement battles, attracts engineering talent, and expands production fast enough to meet government demand.

This raise does more than add cash — it signals that defense tech has moved from a niche bet to a core investment theme.

Anduril’s latest financing also arrives as investors look for businesses with clear revenue, real customers, and national-security relevance. The company’s reported sales give backers a concrete growth story at a time when many private valuations still rest on promises. Sources suggest that dynamic has helped separate a handful of defense startups from the broader venture field, where fundraising remains tougher and scrutiny has increased.

What comes next will matter well beyond one company’s cap table. A war chest of this size gives Anduril room to expand products, deepen government relationships, and press its advantage against both startups and established contractors. If execution matches the ambition, this round could mark another step in defense tech’s shift from the edge of Silicon Valley to the center of it.