As the year began, Anduril again experienced a large influx of capital. A funding round that was rumored to be underway in March has officially closed. Anduril has raised a $5 billion Series H round at a valuation of $61 billion, led by returning investors Thrive Capital and Andreessen Horowitz, the company announced Wednesday.
That’s more than double its valuation less than a year ago, when it raised $2.5 billion at a $30.5 billion valuation led by Founders Fund. (Founders Fund told TechCrunch at the time that it had invested a $1 billion check, the largest check it had ever written.)
The latest increase comes as the nine-year-old defense technology company doubled its 2025 revenue to $2.2 billion, CEO Brian Shimp said in a blog post announcing the increase.
What’s interesting is that while Anduril is the clear winner among VC investors, the Pentagon has already shown signs that it won’t be fixated on either rising star startup.
Another US drone company, Shield AI, recently had its software selected by the Air Force to work with Anduril’s Fury autonomous fighter, rather than awarding the entire hardware and software contract to one party or the other.
Still, Anduril rarely gets hurt by sharing. In the past few weeks, the company has announced a number of deals expanding outside the United States.
In May, it announced it was part of a deal with another company to develop a space-based “Golden Dome” defense system for the United States, a missile defense shield designed to protect the U.S. homeland. Anduril also announced that it has won contracts from the Dutch Ministry of Defense and the U.S. Army for combat management software that uses the Lattice platform to analyze data from integrated missile defense systems.
“When we founded Anduril in 2017, defense was not a category that attracted significant venture capital. That has changed significantly over the past few years,” Schimpf wrote in the post.
There it is. To name a few recent examples, Shield AI raised $1.5 billion in Series G funding in March at a valuation of $12.7 billion. Last month, hypersonic unmanned fighter aircraft maker Hermaeus raised $350 million led by Khosla Ventures at a valuation of more than $1 billion. And European defense tech darling Hellsing is reportedly close to raising $1.2 billion in new funding at a valuation of about $18 billion, led by Dragoneer and former Hellsing investor Lightspeed.
Anduril has now raised a total of over $11 billion from investors.
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