Anduril Raises $5B Series H, Valuation Doubles to $61B in Under a Year

Overview

Defense AI company Anduril Industries raised $5 billion in a Series H on May 13, 2026, co-led by Thrive Capital and Andreessen Horowitz. The round pushes Anduril's valuation to $61 billion, exactly double its $30.5 billion valuation from June 2025. Total capital raised now exceeds $11 billion.

Company Momentum

Founded in 2017 by Oculus VR creator Palmer Luckey, Anduril doubled revenue to $2.2 billion in 2025. Its flagship Lattice command-and-control platform integrates autonomous drones, air defense systems, and sensor networks into a unified AI-driven interface — actively deployed with U.S. and allied militaries.

Capital Deployment

Arsenal-1 expansion: Scaling the Ohio autonomous weapons manufacturing facility

AI R&D: Advancing Lattice autonomy and situational awareness features

International growth: Accelerating partnerships in Australia, UK, and other allied nations

Defense Tech Investment Surge

Anduril's raise cements defense technology as Silicon Valley's top investment category. As AI-powered autonomous systems reshape modern warfare, the boundaries between tech startups and traditional defense contractors continue to dissolve. "America and its allies need to maintain strategic advantage in AI-driven defense," Luckey said.

Source: TechCrunch - Anduril raises $5B, doubles valuation to $61B (May 13, 2026)