# Anduril

> Anduril raised $5B at a $61B valuation in May 2026, led by Thrive Capital and a16z — more than doubling its mark in a year and cementing defense tech as a core venture category.

## Why it is interesting

Western militaries need autonomous, software-defined systems — drones, sensor fusion, counter-UAS, and command-and-control — at production throughput that peer adversaries can match. Legacy primes are too slow; the gap is a manufacturing and software problem. - NATO and allied budgets carry multi-year procurement commitments. - The constraint has shifted from prototypes to production scale. - Governments increasingly prefer fast-moving, software-native suppliers. Anduril raised $5B at a $61B valuation in May 2026, led by Thrive Capital and a16z — more than doubling its mark in a year and cementing defense tech as a core venture category.

## Profile

- **Stage:** other
- **Status:** private
- **Industries:** ai-ml, climate-tech, enterprise-saas, defense-tech
- **Coverage:** full
- **Last updated:** 2026-07-24

## Key facts

- Series H (May 2026): $5B led by Thrive Capital and a16z; Founders Fund and Lux Capital participated — TechCrunch, Crunchbase
- Series G (Jun 2025): $2.5B led by Founders Fund ($1B check); a16z, Thrive Capital, General Catalyst, Lux Capital among returning investors — Reuters, TechCrunch
- Disclosed financing: $5B (Series H)
- Covered in 1 Venture Capital Tracker article(s)

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/thrive-capital
- https://venturecapitaltracker.com/fund/founders-fund
- https://venturecapitaltracker.com/fund/lux-capital
- https://venturecapitaltracker.com/fund/general-catalyst

## Related articles

- https://venturecapitaltracker.com/2026-anduril-5b-series-h-61b-valuation
- https://venturecapitaltracker.com/2026-a16z-hot-portfolio-companies

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Source: https://venturecapitaltracker.com/startup/anduril