Anduril reportedly in talks to raise funding at $100B valuation, more than 3x last year’s mark
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Defense tech company Anduril is said to be raising a new round of capital that may push its valuation up by a whopping $40 billion to about $100 billion, Reuters reported, citing anonymous sources. The company, which raised $5 billion in May at a $61 billion valuation - itself roughly double the $30.5 billion valuation it landed in its June 2025 Series G round - may be structuring the fundraise as a two-stage process, with the second stage bringing in investors at a higher valuation. Both tranches could be closed within the year, Reuters reported. The news comes as the defense tech industry experiences an unprecedented revival, spurred by demand for drones, autonomous craft, and AI's role in warfare, as war rages both in the Middle East and Eastern Europe. In the first six months of the year, the sector saw venture funding more than double to over $12 billion, eclipsing the nearly $10 billion that startups in the space raised in all of 2025. Anduril has benefited from this demand, signing contracts with the U.S. Department of Defense, Air Force and Army, the Dutch Ministry of Defence, the NATO, the U.K. Defence Ministry, Poland, and more. The company said in May that it had more than doubled its revenue to $2.2 billion in 2025 compared to a year earlier. Other startups have cashed in, too: Military aircraft maker Shield AI in March raised $1.5 billion, Mach Industries...
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