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

Defence 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.

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.

Defence tech companies have taken centre 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 defence products.