Anduril Raises $5B Series H at $61B Valuation — Defense Tech Funding Records Shattered

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Defense tech startup Anduril raised $5 billion led by Thrive Capital and Andreessen Horowitz, doubling its valuation to $61B from $30.5B. The Palmer Luckey-founded company doubled revenue to $2.2B in 2025 and has raised $11B+ total. Positioned as a major beneficiary of US military reindustrialization under Trump.