Anduril Raises $5B at $61B Valuation in Series H

Anduril Industries, a leading U.S. defense technology company based in Costa Mesa, California, announced Wednesday that it has raised $5 billion in a Series H funding round, achieving a post-money valuation of $61 billion. The round was led by Thrive Capital and Andreessen Horowitz, more than doubling the company's valuation from $30.5 billion in its previous raise less than a year ago.

The funding brings Anduril's total capital raised to more than $11 billion. Company CEO Brian Schimpf stated in an announcement that the investment will support aggressive expansion in manufacturing capacity, research and development, and infrastructure for advanced defense systems. He noted that revenue is projected to reach $2.2 billion by the end of 2025, nearly doubling from the prior year alongside significant headcount growth.

Founded in 2017, Anduril specializes in AI-driven autonomous systems, sensor networks, and command-and-control platforms such as its Lattice software and Arsenal production facilities. The company has secured major contracts recently, including a $20 billion, 10-year deal with the U.S. Army for software and weapons, as well as its first international deployment with...