Anduril Industries Raises $5 B, Valuation Jumps to $61 B Amid Defense-Tech Surge

On 13 May 2026, Anduril announced a $5 billion Series H financing led by Thrive Capital and Andreessen Horowitz. The round values the company at $61 billion, roughly double the $30.5 billion valuation recorded in June 2025.

TechCrunch

Founded in 2017 by Palmer Luckey and Brian Schimpf, Anduril builds AI-driven autonomous weapons and surveillance towers. Revenue doubled to $2.2 billion in 2025 and the workforce grew to about 8,500 employees. The firm secured its first international program of record with the Royal Australian Navy.

New York Times

Key contracts include a $20 billion Army enterprise agreement, a $950 million Air Force IDIQ, a $159 million Army SBMC award, a $99.6 million OTA, $43.7 million DPA funding, a $19 million Navy solid-rocket-motor award, the $185 billion Golden Dome missile-defense consortium, and deals with the Dutch Ministry of Defence and a U.S. Army Pacific missile-defense prototype.

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

Analysts cite the Ukraine war and rising great-power competition as drivers of demand for low-cost, software-centric platforms. Anduril’s focus on high-rate manufacturing and AI-enabled sensing aims to modernize a defense industrial base built for low-rate upgrades, delivering rapid, scalable combat power.

Anduril Raises $5 Billion Series H At $61 Billion Valuation For Defense Industrial Expansion

CEO Brian Schimpf said the financing “reflects the shift” toward larger-scale investment in manufacturing, research and infrastructure, and noted “the convergence of artificial intelligence, autonomy and advanced sensing is reshaping warfare.” He added an IPO remains a goal but is not imminent, pending profitability.

Anduril Raises $5 Billion Series H At $61 Billion Valuation For Defense Industrial Expansion

The Defense Department favors diversified sourcing; it paired Shield AI software with Anduril’s “Fury” jet rather than a single-vendor award. Rivals such as Shield AI, Hermeus and European startup Helsing also chase large contracts, highlighting a competitive market.

TechCrunch

Source 1 reports total capital raised at $6.82 billion, while Sources 3, 4, and 5 cite cumulative funding exceeding $11 billion. The discrepancy reflects differing accounting of undisclosed or later-stage investments.

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

• “The convergence of artificial intelligence, autonomy and advanced sensing is reshaping warfare,” — Brian Schimpf, CEO

New York Times

• “Investors have increasingly recognized the scale of the technological and industrial challenges facing the United States and its allies,” — Brian Schimpf

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

• “Withstanding techno-military competition will require rapid means to reconstitute combat power in short periods of time,” — Brian Schimpf

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

• “As CEO Brian Schimpf noted, when Anduril was founded in 2017, defense was not a category that attracted significant venture investment, but the scale of the geopolitical and technological challenges facing the United States and its allies has changed that landscape considerably.” — Brian Schimpf

Anduril Raises $5 Billion Series H At $61 Billion Valuation For Defense Industrial Expansion

Anduril will invest most of the capital in its Arsenal-1 Ohio factory, slated to mass-produce drones and other systems, and in a Long Beach, California campus. Hiring will target thousands of engineers for R&D. An IPO remains on the roadmap, but market conditions and profitability will dictate timing.

Anduril’s valuation soars to $61B in $5B round from Thrive Capital and a16z amid defence boom — TFN