Anduril raises $5 billion, doubles valuation to $61 billion as defense tech spending surges

Anduril Raises $5 Billion in Funding and Is Valued at $61 Billion

Anduril, the defense tech company that makes artificial-intelligence-backed weapons, said on Wednesday that it had raised $5 billion in new funding, as modernizing the U.S. military has become a priority for the Trump administration. The financing values Anduril at $61 billion, double the $30.5 billion that it was valued at in June in its last funding round. The latest fund-raising was led by the longtime investors Thrive Capital and Andreessen Horowitz amid talk that Anduril could try to go public in the next year. In total, the company has raised $6.82 billion through eight funding rounds from investors including Founders Fund and Lux Capital. Anduril has established itself as a top player among U.S. defense companies. Founded by the tech entrepreneur Palmer Luckey and others in 2017, the company has developed autonomous submarines and jets, weaponized drones and augmented reality helmets for the military. The firm, based south of Los Angeles, has said it wants to remake American national defense. In its early years, Anduril created border surveillance software for the U.S. government before expanding into other products. When Russia invaded Ukraine in 2022, the company began testing A.I.-backed drones on the battlefield and has since developed a range of pilotless aircraft. In March, Anduril signed a 10-year, $20 billion deal with the Army for some of its software products and A.I.-backed weapons. That same month, the company announced that it was part of a consortium of companies building a $185 billion space-interceptor missile system for the U.S. government, which is known as Golden Dome. In a letter on Wednesday, Brian Schimpf, Anduril's chief executive, said the company had more than doubled its revenue to $2.2 billion in 2025. Anduril "nearly doubled our work force, won and delivered on our first international program of record to the Royal Australian Navy and demonstrated autonomous flight on an Air Force unmanned combat aircraft program, among many other milestones," Mr. Schimpf said. The company also opened a $1 billion factory in Ohio to speed production of its weapons systems. "The convergence of artificial intelligence, autonomy and advanced sensing is reshaping warfare," Mr. Schimpf said.

Anduril lands $5B as defense giant builds autonomous warship operation in Seattle

Anduril Industries announced a massive $5 billion funding round Wednesday as the fast-growing defense tech startup ramps up investments in manufacturing and autonomous military systems -- including a quietly expanding maritime operation in Seattle. As GeekWire reported last month, Anduril established operations at the historic Foss Maritime shipyard along the southern bank of the Lake Washington Ship Canal, where the company is developing autonomous naval vessels and other maritime technologies. The Series H funding round -- including investments from Thrive Capital and Andreessen Horowitz -- values Anduril at $61 billion. The Costa Mesa, Calif.-based company said the financing will fuel aggressive investments in manufacturing capacity, R&D and infrastructure needed to produce advanced defense systems. "When Anduril launched in 2017, defense attracted little venture investment," CEO Brian Schimpf said in a letter, adding that investors now increasingly recognize "the scale of the technological and industrial challenges facing the United States and its allies." The Seattle facility underscores how the Pacific Northwest is increasingly emerging as a strategic hub for next-generation defense technologies -- blending advanced manufacturing with AI, autonomy and defense software. Just this week, GeekWire reported on Armada's growing engineering hub in Bellevue, where the heavily funded startup is working on portable data centers for military operations and other use cases. Other Seattle-area companies such as Overland AI -- autonomous military vehicles -- and Echodyne -- advanced radar systems -- are benefitting from what CNBC dubbed a "defense tech funding boom." Earlier this year, autonomous vessel startup Saronic Technologies announced a $1.75 billion funding round and plans to develop a next-generation shipyard focused on autonomous naval ships -- raising broader questions about where America's future defense shipbuilding hubs will emerge. Anduril's expansion also lands amid renewed national focus on revitalizing America's industrial and naval capacity. In a letter released alongside the funding announcement, the company argued that future conflicts will depend heavily on resilient production systems, rapid adaptation, and scalable autonomous technologies. Anduril has not publicly detailed the scale of its Seattle maritime operations, and the company did not respond to requests for comment when GeekWire reported on the shipyard last month. However, the company said in a November 2025 press release that its Seattle facility will serve as the U.S. hub for vessel assembly, integration and testing of Autonomous Surface Vessels as part of the U.S. Navy's Modular Attack Surface Craft (MASC) program. Anduril also is rapidly expanding its operations in California. And it is building a massive facility just south of Columbus, Ohio, that it dubs Arsenal-1, described by the company as "the future of American defense manufacturing." Founded in 2017 by Oculus VR creator Palmer Luckey, Anduril Industries has rapidly grown into one of the most valuable private defense companies in the world, building autonomous drones, surveillance systems, AI-powered software platforms and military robotics.

Anduril doubles valuation to $61B in new $5B funding round - SiliconANGLE

A year after closing its previous multibillion-dollar funding round, Anduril Industries Inc. today announced that it has raised another $5 billion at a $61 billion valuation. The Series H deal was jointly led by Thrive Capital and Andreessen Horowitz. Anduril makes defense equipment such as drones, missile engines and radar systems. It's also active in certain other segments. The company's Seabed Sentry undersea sensor, for example, lends itself to not only defense applications but also commercial sea floor surveys. The device combines undersea sensors and communications hardware in a pressurized, tube-shaped carbon fiber chassis. Anduril sells not only hardware products but also software for powering them. Its flagship software product, Lattice, can visualize data from thousands of sensors in a real-time map. Built-in artificial intelligence models analyze the information to generate decision recommendations. Lattice ingests the data that it uses to generate maps and AI recommendations using a second Anduril product called Lattice Mesh. It's a mesh network, or a wireless network that doesn't rely on a centralized device such as a router to transmit data. It encrypts transmissions and prioritizes the most important traffic when there's not enough bandwidth for every device. Anduril sells a line of ruggedized network devices under the Voyager brand. Some can fit in a backpack while others are designed to be installed on a vehicle. The Voyager product series also includes a series of compact, ruggedized servers designed for use outside data centers. The most advanced system features 64 central processing unit cores, 515 gigabytes of memory and an optional graphics card. One of the newest additions to Anduril's product portfolio is a family of augmented reality headsets called EagleEye. According to the company, the devices can overlay data from sensors powered by its Lattice software onto the wearer's field of view. They also include built-in sensors that can pick up radio signals. On occasion of its funding round, Anduril published a memo that it sent to investors earlier in January. The document reveals that the company's revenue doubled to $2.25 billion last year. The company will use some of the new funding to expand its manufacturing capacity. In March, Anduril inaugurated a plant dubbed Arsenal-1 that has more than 5 million square feet of production space. The company says that the $900 million factory is one of the largest industrial facilities in Ohio.