May 13 (Reuters) - Defense technology start-up Anduril Industries said on Wednesday that it has raised $5 billion, doubling its valuation to $61 billion.
The California-based start-up's latest funding round was led by venture capital firms Thrive Capital and Andreessen Horowitz.
Here are some details about the fund raise:
o Anduril said over the past year, it has more than doubled its revenue to $2.2B in 2025, and nearly doubled its workforce.
o Anduril's announcement comes after Reuters reported in March that the company was seeking to raise about $4 billion from Thrive Capital and Andreessen Horowitz.
o Anduril was valued at $30.5 billion in a June 2025 funding round.
o Defense tech companies have taken center stage in funding as investors rush to seize the opportunity created by the ongoing U.S.-Iran war.
o The availability of abundant private capital is also enabling companies to raise larger funding rounds and remain private for longer.
o Anduril develops solutions, including a wide range of sensors and drones, and has gained prominence amid increasing calls for low-cost autonomous defense products.
(Reporting by Akanksha Khushi and Mihika Sharma in Bengaluru; Editing by Rashmi Aich)
