Another enormous capital influx for Anduril: the funding round rumored in March has officially concluded. Anduril raised a $5 billion Series H round at a $61 billion valuation, led by returning investors Thrive Capital and Andreessen Horowitz, as announced Wednesday.
This valuation more than doubles its previous one from under a year ago, when it raised $2.5 billion at a $30.5 billion valuation led by Founders Fund, which invested a $1 billion check, its largest ever.
The nine-year-old defense tech firm’s latest raise follows a doubling of revenue in 2025 to $2.2 billion, as noted by CEO Brian Schimpf in a blog post.
Although Anduril stands out among VC investors, the Department of Defense shows no signs of committing to a single startup. Shield AI, another U.S. drone company, had its software chosen by the Air Force to work alongside Anduril’s “Fury” jet, without monopolizing the hardware and software contract.
Nevertheless, Anduril continues to thrive. It recently announced contracts, including one developed in collaboration with others for a U.S. space-based “golden dome” missile defense system. Additionally, it secured a contract from the Dutch Ministry of Defense and a U.S. Army contract for battle manager software using its Lattice platform.
“When Anduril was founded in 2017, defense lacked significant venture investment, a situation which has changed substantially,” Schimpf wrote.
Indeed, this shift is evident. In March, Shield AI secured $1.5 billion in Series G funding, reaching a $12.7 billion valuation. Last month, Hermeus, a hypersonic unmanned fighter jet producer, raised $350 million at a $1 billion+ valuation, led by Khosla Ventures. European defense tech firm Helsing is reportedly nearing a $1.2 billion round at about an $18 billion valuation, led by Dragoneer and Lightspeed.
Anduril’s total investment haul exceeds $11 billion.