Anduril Seeks $100 Billion Valuation in 2-Stage Raise as Defense Tech Funding Tops $12 Billion
Updated
Updated · TechCrunch · Jul 24
Anduril Seeks $100 Billion Valuation in 2-Stage Raise as Defense Tech Funding Tops $12 Billion
3 articles · Updated · TechCrunch · Jul 24
Summary
$100 billion is the valuation Anduril is said to be targeting in a new capital raise, potentially lifting its worth by about $40 billion from its May financing.
Reuters said the fundraise may be split into two tranches, with the second bringing in investors at a higher valuation; both stages could close this year.
The push comes after Anduril raised $5 billion in May at a $61 billion valuation and said its 2025 revenue more than doubled to $2.2 billion.
Defense tech venture funding more than doubled to over $12 billion in the first half, already surpassing the nearly $10 billion raised in all of 2025 as demand for drones, autonomous systems and AI warfare tools accelerates.
Anduril said no decisions have been made on future financing, while the broader boom has also lifted peers including Shield AI, Mach Industries and Helsing.