Anduril secures $5 billion Series H, doubling valuation to $61 billion

Defense technology startup Anduril has officially closed a $5 billion Series H funding round, doubling its valuation to $61 billion. The round was led by returning investors Thrive Capital and Andreessen Horowitz, according to an announcement made by the company on Wednesday. This valuation marks a significant increase from the previous cycle, where the firm raised $2.5 billion at a $30.5 billion valuation led by Founders Fund.

Chief Executive Brian Schimpf attributed the capital injection to strong financial performance, noting that the nine-year-old company doubled its revenue to $2.2 billion in 2025. The funding round, which had been rumoured in March, brings Anduril’s total capital raised since its founding in 2017 to more than $11 billion.

The influx of capital coincides with a series of recent contract wins that have expanded the company’s footprint beyond the United States. In May, Anduril announced a partnership with the Dutch Ministry of Defence and secured a contract with the U.S. Army for battle manager software. The Army deal utilises Anduril’s Lattice platform to analyse data from joint missile defence systems.

Anduril is also participating in a consortium developing a space-based defensive missile shield for the continental United States, described as a “golden dome” system. These developments highlight the company’s growing integration into critical defence infrastructure, although the Department of Defence has indicated it will not exclusively lock into a single vendor.

The Department of Defence’s approach was illustrated recently when Shield AI’s software was selected to work alongside Anduril’s “Fury” autonomous fighter jet, rather than awarding a sole-source contract to either party. This strategy contrasts with the intense competition among venture-backed defence firms, as competitors such as Shield AI, Hermeus, and Helsing also secure substantial funding in a sector that previously attracted little venture capital.