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Anduril funding, valuation and investors
Software-defined defense systems — drones, counter-UAS, and autonomous military platforms.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series H
$5B · May 2026
Latest known valuation
$61B
Series H · May 2026
Total disclosed equity funding
$7.5B
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · Costa Mesa, California
Investors in latest funding
Lead: Thrive Capital , Andreessen Horowitz
Other: Founders Fund , Lux Capital
Overview
Anduril builds autonomous defense systems including drones, sensor fusion, counter-UAS, and command-and-control software for Western militaries. The company raised $5B Series H at $61B valuation in May 2026 led by Thrive Capital and Andreessen Horowitz, with Founders Fund and Lux Capital participating — more than doubling from $30.5B a year prior. Total raised exceeds $11B. Anduril targets production-scale manufacturing of software-defined systems faster than legacy defense primes.
Why Anduril is interesting
Anduril's $5B Series H at $61B valuation doubled its mark in a year — defense tech is a permanent top-tier venture category where production throughput, not prototypes, wins procurement.
Product & use cases
Autonomous defense platforms — Lattice OS command software, drones, counter-UAS, and sensor systems sold to US and allied militaries at production scale.
- Autonomous surveillance and force multiplication for militaries
- Counter-UAS and base protection systems
- Software-defined command and control across defense assets
Key facts
- Series H (May 2026): $5B at $61B led by Thrive and a16z (TechCrunch)
- Series G (Jun 2025): $2.5B at $30.5B led by Founders Fund
- $11B+ total raised; among most valuable private companies
- Production-scale defense manufacturing focus
- October 2026: reported employee tender capped at $1.3B, open October 13–November 9 at $94.80/share. Approximate $90B tender-implied valuation; not new primary financing.
Funding history (newest first)
Series H
2026-05 $5B Valuation: $61B- Thrive Capital (lead)
- Andreessen Horowitz (lead)
- Founders Fund (participant)
- Lux Capital (participant)
Source: Read source · techcrunch.com
Series G
2025-06 $2.5B Valuation: $30.5BSource: Read source · techcrunch.com
Investors in our directory
Funds linked from Anduril's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Software-native speed plus manufacturing throughput vs. legacy prime contractor cycles.
Defense tech capital concentrates on production-capable suppliers. Anduril leads on software-defined systems at scale; risks include procurement politics and program concentration.
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Palantir adjacent
Defense data and AI; less hardware manufacturing.
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Shield AI direct
Autonomous defense systems; smaller scale.
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Lockheed Martin incumbent
Legacy prime; slower software iteration.
Notable stories
- Valuation doubled in one year — defense tech re-rated as core venture category.
- Founders Fund $1B check in Series G signaled production-scale conviction before Series H.
Industries
Market / IPO context
Note: May 2026 Series H: $61B. October 2026 employee tender reportedly implies roughly $90B; secondary offer remains open, not a completed primary funding round.
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover Anduril's financing or category context.
FAQs about Anduril
Practical answers founders, operators, and investors typically search for.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.