Anduril Industries announced a $5 billion financing on Wednesday that increases the company's private valuation to $61 billion. The June funding round was led by venture capital firms Thrive Capital and Andreessen Horowitz, according to the company.
In its announcement, Anduril said it has experienced significant top-line and personnel growth over the past year. Revenue more than doubled to $2.2 billion in 2025, the company said, and its workforce expanded by nearly 100% during that period.
The new round follows reporting in March that the company was seeking roughly $4 billion in capital from the same lead investors, Thrive Capital and Andreessen Horowitz. Prior to this transaction, Anduril's valuation was $30.5 billion, established in a June 2025 funding round.
Anduril develops a portfolio of defense technologies, including a broad set of sensors and unmanned aerial systems. The company has gained prominence as demand grows for lower-cost autonomous defense solutions, the announcement said.
Investors have shown heightened interest in defense-focused technology firms in the context of the ongoing U.S.-Iran war, according to the same reporting. That geopolitical environment, combined with abundant private capital, has enabled larger financings and allowed some companies to remain private for extended periods.
Context and implications
The size of the round and the valuation increase are notable for a private defense technology company. Anduril's stated doubling of revenue and near-doubling of headcount underscore rapid operational expansion in the most recent year. The company said those developments coincided with the larger funding environment that favors defense tech firms amid current geopolitical tensions.
The firm did not provide additional financial details beyond the headline revenue figure and workforce change in its public statement.