Anduril Raises $5B Series H, Doubles Valuation to $61B

Anduril raised $5 billion in a Series H round led by Thrive Capital and Andreessen Horowitz, doubling its valuation to $61 billion just months after being valued at $30.5 billion. The nine-year-old defense tech company doubled revenue in 2025 to $2.2 billion and has now raised more than $11 billion total. CEO Brian Schimpf said the funds will go toward manufacturing, research, and infrastructure for U.S. defense systems including space-based interceptors for the Golden Dome missile defense program. The round reflects a broader defense tech funding boom: Shield AI raised $1.5 billion at $12.7 billion in March, and European defense tech firm Helsing is reportedly close to a $1.2 billion round at an $18 billion valuation.