Autonomous defense technology startup Anduril Industries announced on May 13 that it had raised $5 billion in a Series H funding round led by Andreessen Horowitz and Thrive Capital, valuing the company at $61 billion.
The financing round doubles Anduril’s valuation of $30.5 billion following its $2.5 billion Series G fundraising in June 2025, which was led by Peter Thiel’s Founders Fund with a $1 billion investment. The latest funding round demonstrates the increased interest in private equity financing for defense industry contractors, Anduril CEO Brian Schimpf said in a statement on the company’s website.
