Anduril reportedly in talks to raise funding at $100B valuat

Anduril reportedly in talks to raise funding at $100B valuation, more than 3x last year’s mark

What happened

Anduril is in talks to raise a new round of capital that may push its valuation to about $100 billion.
The reported valuation increase is $40 billion from the last valuation.
Anduril raised $5 billion in May at a $61 billion valuation.
Anduril raised at a $30.5 billion valuation in June 2025.
Anduril's valuation increased from $30.5 billion to $61 billion, roughly doubling.
Defense tech sector saw venture funding more than double to over $12 billion in the first six months of the year.
Defense tech startups raised nearly $10 billion in all of 2025.
Anduril has signed contracts with the U.S. Department of Defense, Air Force, Army, Dutch Ministry of Defence, NATO, U.K. Defence Ministry, and Poland.
Anduril more than doubled its revenue to $2.2 billion in 2025 compared to a year earlier.
Anduril announced the revenue figures in May.
Shield AI raised $1.5 billion in March.
Mach Industries quadrupled its valuation to $1.8 billion last month.
Helsing raised $1.8 billion at an $18 billion valuation this month.
Mach acquired Exquadrum for $50 million in May.
Anduril's investors include Thrive Capital, Andreessen Horowitz, Founders Fund, ICONIQ, Flux Capital, Greycroft, Altimeter, 1789 Capital, and U.S. Vice President JD Vance.
The fundraise may be structured as a two-stage process with both tranches closed within the year.

The reported valuation increase is $40 billion from the last valuation. ($40 billion)
Anduril raised $5 billion in May at a $61 billion valuation. ($5 billion)
Anduril's valuation increased from $30.5 billion to $61 billion, roughly doubling. ($30.5 billion to $61 billion)
Defense tech sector saw venture funding more than double to over $12 billion in the first six months of the year. ($12 billion)
Defense tech startups raised nearly $10 billion in all of 2025. ($10 billion)
Anduril more than doubled its revenue to $2.2 billion in 2025 compared to a year earlier. ($2.2 billion)
Mach acquired Exquadrum for $50 million in May. ($50 million)