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Anduril announced its Series H Funding round has raised $5 billion, putting the defense technology company's valuation at $61 billion. The funding round was led by Josh Kushner's Thrive Capital and Andreessen Horowitz.

"This financing gives us the ability to continue investing aggressively in manufacturing capacity, research and development, and the infrastructure required to build and field advanced defense systems at scale," Brian Schimpf CEO of Anduril said in an announcement made on X.

This funding round has doubled the company’s valuation from $30.5 billion in mid-2025. The firm has grown significantly from its $4.7 billion valuation in 2021, driven by AI-powered autonomous systems and surging revenue.

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"When we founded Anduril in 2017, defense was not a category that attracted significant venture investment. That has changed meaningfully over the last several years. Investors have increasingly recognized the scale of the technological and industrial challenges facing the United States and its allies. They are also observing an environment in which the most agile, adaptive, and ambitious companies are the ones most capable of solving these challenges," Schimpf wrote.

Anduril founder Palmer Luckey told CNBC in an interview last year that he would "definitely" take the company public.

Earlier this month, Anduril announced it was teaming up with K2 Space and Voyager Technologies (NYSE:VOYG) on a space-based missile interception initiative aligned with the federal government’s Golden Dome for America program.

The company is also partnering with Impulse Space to develop prototypes of space-based interceptors that will track and destroy missiles from orbit.

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This article Anduril Climbs To $61 Billion Valuation After Massive Thrive, a16z-Backed Round originally appeared on Benzinga.com

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