Anduril raises $5B, doubles valuation to $61B | TechCrunch

"Anduril has raised a $5 billion Series H round at a $61 billion valuation, led by returning investors Thrive Capital and Andreessen Horowitz, the company announced Wednesday. This is more than double the valuation it landed just under a year ago, when it raised $2.5 billion at a $30.5 billion valuation led by Founders Fund. (Founder's Fund invested a $1 billion check, the largest check it has ever written, it told TechCrunch at the time.)"

"This latest raise comes after the nine-year-old defense tech company doubled revenue in 2025 to $2.2 billion, CEO Brian Schimpf wrote in a blog post announcing the raise. Interestingly, as much as Anduril is the clear-cut winner among VC investors, the Department of Defense is already giving signs that it won't lock itself into any one rising-star startup."

"Shield AI, another U.S. drone company, recently had its software selected by the Air Force to work with Anduril's "Fury" autonomous fighter jet, rather than granting the whole hardware and software contract to either one of them. Still, Anduril is hardly hurting by sharing. In the past few weeks, it has announced a number of contracts, expanding outside the U.S., too."

"In May it announced it was part of a contract with others to develop a space-based "golden dome" defensive system - a missile defense shield designed to protect the continental U.S. - for America. Anduril also announced a contract win from the Dutch Ministry of Defense and a U.S. Army contract for battle manager software, using its Lattice platform to analyze data from joint missile defense systems. "When we founded Anduril in 2017, defense was not a category that attracted significant venture investment. That has changed meaningfully over the last several years," Schimpf wrote in the post."

Anduril closed a $5 billion Series H funding round at a $61 billion valuation, led by returning investors Thrive Capital and Andreessen Horowitz. The valuation more than doubled from the prior year’s $2.5 billion round at a $30.5 billion valuation. The company reported that revenue doubled in 2025 to $2.2 billion. The Department of Defense showed it would not rely on a single startup by selecting Shield AI’s software to work with Anduril’s Fury autonomous fighter jet rather than awarding a full hardware-and-software contract to one company. Anduril continued to win contracts internationally, including work on a space-based “golden dome” missile defense system, a Dutch Ministry of Defense contract, and a U.S. Army battle manager software contract using its Lattice platform.

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