California-based start-up's latest funding round was led by venture capital firms Thrive Capital and Andreessen Horowitz.

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: • ⁠Anduril said over the past year, it has ⁠more ‌than doubled its revenue to $2.2B in 2025, and nearly doubled its workforce. • ⁠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. • Anduril was valued at $30.5 billion in a June 2025 funding ⁠round. • Defense tech companies have taken center stage in funding as investors rush to seize the opportunity created by the ongoing ⁠U.S.-Iran war. • The availability of abundant private capital is also enabling companies to raise larger funding rounds and remain private for longer. • 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)

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