Anduril Raises $5 Billion Series H, Doubling Valuation to $61 Billion
Defense-tech company Anduril Industries raised $5 billion in a Series H round that doubled its valuation to $61 billion, with Thrive Capital and Andreessen Horowitz leading the pre-IPO financing.
What Drove This Round?
Surging Pentagon and allied demand for autonomous systems, counter-drone, and software-defined defense
Lattice command-and-control software and family of autonomous platforms scaling across services
Capital required to build out the Arsenal-1 mass-production facility in Ohio
Investors positioning ahead of an anticipated Anduril IPO as a defense-prime alternative
Thrive Capital and Andreessen Horowitz led with strong institutional participation
Impact Analysis
At $61 billion, Anduril is among the most valuable private defense companies ever, validating the thesis that software-first, AI-driven weapons makers can challenge legacy primes like Lockheed Martin and RTX. The round funds aggressive manufacturing expansion and a hiring surge for engineers, technicians, and operators, intensifying competition for defense and robotics talent ahead of a potential public listing.
Looking for your next opportunity?
Related Articles
Anduril's Arsenal-1 to Create Roughly 4,600 Jobs Over a Decade in Ohio
Anduril Industries · Apr 2026
Shield AI Raises $2 Billion Series G at $12.7 Billion Valuation
Shield AI · Mar 2026
Anduril Hiring 450 Engineers for Autonomous Defense Systems
Anduril Industries · Jul 2025
Anduril Raises $1.5 Billion at $14 Billion Valuation
Anduril Industries · Aug 2024