Anduril, a leading defense technology company, has successfully closed a substantial $5 billion Series H funding round, dramatically increasing its valuation to an impressive $61 billion. This latest capital infusion was spearheaded by returning investors Thrive Capital and Andreessen Horowitz, underscoring continued confidence in the company’s trajectory.

This funding milestone represents more than a doubling of Anduril’s valuation in less than a year. Previously, the company secured $2.5 billion at a $30.5 billion valuation, a round led by Founders Fund. The nine-year-old firm has demonstrated significant growth, reporting that its revenue doubled in 2025 to reach $2.2 billion, as stated by CEO Brian Schimpf. Schimpf also noted a significant shift in the defense sector, highlighting that when Anduril was founded in 2017, defense was not a major draw for venture investment, a trend that has since changed considerably.

Despite Anduril’s rapid ascent, the Department of Defense is signaling a strategy of fostering competition rather than exclusively partnering with a single emerging tech firm. A notable example includes the U.S. Air Force selecting Shield AI’s software to integrate with Anduril’s “Fury” autonomous fighter jet, rather than awarding the entire hardware and software contract to one company. Nevertheless, Anduril has continued to expand its footprint, announcing several new contracts recently, including international agreements. These include its participation in a contract to develop a space-based “golden dome” defensive system for the U.S., a contract win from the Dutch Ministry of Defence, and a U.S. Army contract for battle manager software utilizing its Lattice platform to analyze data from joint missile defense systems.

Anduril’s success is part of a broader trend of increased venture capital flowing into the defense technology sector. Other companies have also seen significant investment, such as Shield AI, which raised $1.5 billion in Series G funding at a $12.7 billion valuation in March. Last month, Hermeus, developers of hypersonic unmanned fighter jets, secured $350 million at a valuation exceeding $1 billion, led by Khosla Ventures. Additionally, European defense tech firm Helsing is reportedly close to a new $1.2 billion round, potentially valuing it at $18 billion. Cumulatively, Anduril has now raised more than $11 billion from investors.