Anduril raises $5 billion at a $61 billion valuation led by Thrive and a16z

Anduril, a defense technology company, announces it is raising $5 billion in a funding round that values the business at $61 billion. Bloomberg reports the round is led by Thrive Capital and Andreessen Horowitz (a16z), with investment aimed at expanding manufacturing capacity, research and development, and related infrastructure. TechCrunch similarly says the company completes the round at the $61 billion valuation, and adds that Anduril reports $2.2 billion in revenue for 2025. The Next Web also describes the company’s scale and notes additional context, including a reported $20 billion Pentagon enterprise agreement signed in March and that the company has doubled its valuation to $61 billion about eleven months after its prior valuation mark. Across the coverage, the funding round’s size ($5 billion), valuation ($61 billion), and lead investors (Thrive Capital and a16z) are consistent. The sources also broadly agree the new capital is intended to accelerate operations and product development in areas including production, R&D, and infrastructure.