US defense firm Anduril raises $5 billion, doubling its valuation to $61 billion

Anduril Industries, a California-based defense technology company, announced a $5 billion funding round on May 13, doubling its valuation to $61 billion. The round was led by venture capital firms Thrive Capital and Andreessen Horowitz, following reports in March that the company was seeking around $4 billion. The funding comes as Anduril’s revenue surged to $2.2 billion in 2025, more than doubling from the previous year, while its workforce also expanded significantly. The company specializes in developing sensors, drones, and other autonomous defense technologies, positioning itself as a leader in low-cost defense solutions. Anduril’s valuation had previously reached $30.5 billion in a June 2025 funding round. The latest influx of capital reflects broader investor interest in defense tech firms, particularly amid ongoing geopolitical conflicts like the U.S.-Iran tensions. The availability of private funding has also allowed companies like Anduril to grow rapidly while remaining private for extended periods. The company’s focus on autonomous systems aligns with increasing military demands for cost-effective, scalable defense tools. Analysts note that the surge in private capital is enabling defense startups to accelerate innovation and expand operations without immediate public market pressures.