Defense technology start-up Anduril Industries said on Wednesday that it has raised $5 billion, doubling its valuation to $61 billion. The California-based start-up's latest funding round was led by venture capital firms Thrive Capital and Andreessen Horowitz. Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here. Here are some details about the fund raise:
Anduril said over the past year, it has more than doubled its revenue to $2.2B in 2025, and nearly doubled its workforce. Anduril's announcement comes after Reuters reported in March that the company was seeking to raise about $4 billion from Thrive Capital and Andreessen Horowitz.
Anduril was valued at $30.5 billion in a June 2025 funding round.
Defense tech companies have taken center stage in funding as investors rush to seize the opportunity created by the ongoing U.S.-Iran war. The availability of abundant private capital is also enabling companies to raise larger funding rounds and remain private for longer. Anduril develops solutions, including a wide range of sensors and drones, and has gained prominence amid increasing calls for low-cost autonomous defense products.
