Anduril Raises $5bn at $61bn Valuation, Doubling in Eleven Months
May 13, 2026 – 12:15 pm
Image by: Anduril
Anduril Industries has secured a $5 billion investment round, led by Thrive Capital and Andreessen Horowitz, significantly doubling its valuation to $61 billion just eleven months after its previous mark. The Costa Mesa defense-tech company confirmed the news on Wednesday.
This latest round surpasses Lockheed Martin’s market capitalization in some measures and positions Anduril ahead of all other private U.S. defense companies. The June 2025 funding round, initially valued at $30.5 billion and led by Founders Fund, has been re-priced within a year.
Key factors driving this investment:
- Revenue Growth: Anduril reported over $2 billion in revenue in 2025, nearly doubling from the previous year.
- Pentagon Contract: In March, Anduril secured a landmark $20 billion enterprise agreement with the Pentagon over ten years, marking one of the largest single awards to a non-incumbent defense firm post-9/11.
- Diverse Product Portfolio: Beyond surveillance towers, Anduril has expanded into vertical-takeoff interceptor drones (Roadrunner-M), augmented reality headsets for soldiers (EagleEye), and autonomous fighter jets.
- Strong Investor Base: The investor list includes prominent firms like Thrive Capital (led by Joshua Kushner), Andreessen Horowitz, Founders Fund, Sands Capital, Counterpoint Global, and more, highlighting the growing interest in defense tech from traditionally AI-focused investors.
European defense tech is also experiencing a boom, with companies like Helsing raising significant funds at impressive valuations, reflecting a broader trend toward increased investment in this sector globally.