Anduril Industries raised $5 billion at a $61 billion valuation on Wednesday, as the defense technology company based in Costa Mesa, California, drew backing from Thrive Capital and Andreessen Horowitz. [1, 2, 3, 4]
The company said it will invest aggressively in manufacturing capacity, research and development, and infrastructure. Chief Executive Brian Schimpf said, "When we founded Anduril in 2017, defence was not a category that attracted significant venture investment," adding that "that has changed meaningfully over the last several years." [1, 2, 3]
Anduril doubled its valuation from its prior funding round last year, when it raised $2.5 billion at a $30.5 billion valuation led by Founders Fund, according to reporting. The latest round takes the startup's total capital raised to more than $11 billion. [2, 4]
Founded in 2017, Anduril doubled revenue in 2025 to $2.2 billion, according to the reporting. The company also plans initial production of unmanned fighter jets this summer at Arsenal 1, a weapons factory under construction in Ohio. [2, 4]
The new funding gives Anduril fresh capital ahead of that summer production target at Arsenal 1. [2]
