Another year, another massive influx of capital for Anduril: the funding round that was rumored to be underway in March has officially closed. Anduril has raised a $5 billion Series H round at a $61 billion valuation, led by returning investors Thrive Capital and Andreessen Horowitz, the firm was announced Wednesday.
That’s more than double the valuation it had just a year ago, when it raised $2.5 billion in a $30.5 billion valuation led by Founders Fund. (The Founder’s Fund invested a $1 billion check, the largest check it has ever written, he told TechCrunch at the time.)
This latest increase comes after the nine-year-old defense technology company doubled revenue in 2025 to $2.2 billion, CEO Brian Schimpf wrote in a blog post announcing the increase.
Interestingly, as much as Anduril is the clear winner among VC investors, the Ministry of Defense is already giving signs that it will not be locked into any rising star startup.
Shield AI, another US drone company, recently had its software selected by the Air Force to work with Anduril’s ‘Fury’ autonomous fighter aircraft, rather than awarding the entire hardware and software contract to either.
However, Anduril hardly hurts to share. In recent weeks, it has announced a series of deals that extend beyond the US.
In May it announced it was part of a contract with others to develop a space base “golden dome” defense system — an anti-missile defense shield designed to protect the continental US — for America. Anduril also announced a contract with the Dutch Ministry of Defense and a US Army contract for battle management software, using the Lattice platform to analyze data from joint missile defense systems.
“When we founded Anduril in 2017, defense was not a category that attracted significant venture investment. That has changed significantly over the past several years,” Schimpf wrote in the post.
It has. To offer just a few recent examples: in March, Shield AI raised $1.5 billion in Series G funding at a $12.7 billion valuation. Last month Hermeus, a maker of hypersonic unmanned combat aircraft, raised $350 million at a $1 billion+ valuation, led by Khosla Ventures. And European defense tech darling Helsing is reportedly close to raising a new $1.2 billion round at a valuation of around $18 billion, led by Dragoneer and previous Helsing investor Lightspeed.
Anduril is up now more than 11 billion dollars by investors overall.
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