FUNDING
Key Metrics
Valuation
$61B
As of May 2026Value Add Pulse research
Rumored~$100B · Jul 2026 · Value Add Pulse research
Revenue
$2.2B revenue in 2025 (company-reported, May 2026)
As of May 2026Value Add Pulse research
Total funding
$11B+
As of Aug 12, 2026Value Add Pulse research
Company Snapshot
Anduril Industries is a Defense company, based in California, United States, founded 2017 by Palmer Luckey, Brian Schimpf, Trae Stephens. Latest valuation $61B (As of May 2026, Value Add Pulse research). Total funding $11B+ (As of Aug 12, 2026).
Recent changes
- Aug 12, 2026Aug 12, 2026First reported total funding: $11B+ Value Add Pulse enrichment
- May 13, 2026May 13, 2026Raised $5B Series H at a $61B valuation Value Add Pulse enrichment
- May 2026May 2026First reported valuation: $61B Value Add Pulse enrichment
- Jun 5, 2025Jun 5, 2025Raised $2.5B Series G at a $30.5B valuation Value Add Pulse enrichment
- 20252025First reported revenue: $2.2B entity-registry reconciliation
Earlier changes (1)
- Aug 1, 2024Aug 1, 2024Raised $1.5B Series F at a $14B valuation Value Add Pulse enrichment
Funding History
3 events · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| May 13, 2026 | Series H | $5B | $61B | Value Add Pulse research | |
| Jun 5, 2025 | Series G | $2.5B | $30.5B | Value Add Pulse research | |
| Aug 1, 2024 | Series F | $1.5B | $14B | Value Add Pulse research |
Investors
Latest Pulse
- Sep 8, 2026Defense Tech's Record Year Is Concentrating, Not BroadeningDefense tech has already topped 2025's full-year funding record with four months left in 2026, but deal volume is barely up -- the dollars are concentrating into fewer, larger rounds led by Anduril and Castelion.→
- Aug 31, 2026Defense Tech's $35.6 Billion Year, By the CompsAnduril at $61 billion, Castelion at $13 billion, True Anomaly at $600 million raised -- the named rounds behind defense tech's $35.6 billion year explain what's actually driving the category better than the aggregate number does.→
- Aug 17, 2026SEC Accuses Boiler Room of $74M SpaceX, Anthropic FraudThe SEC accused a Long Island-based operation, the Spaventa Group, of running a boiler room that sold retirees marked-up private shares in SpaceX, Anthropic, Anduril and Perplexity, collecting more than $74 million and $23 million in undisclosed fees.→
- Aug 17, 2026Defense Tech's Funding Boom Still Has Room to RunAnduril's talks for a $100 billion valuation, up from $61 billion two months ago, are the headline, but the real story is how deep the defense-tech funding bench has gotten behind it.→
- Aug 15, 2026SEC Charges $74M Pre-IPO Share Boiler RoomThe SEC charged Long Island financier Andrew Spaventa and three entities with defrauding 800+ retail investors of $74 million by marking up pre-IPO shares of SpaceX, Anthropic, Anduril and Perplexity sold via cold-calling agents.→
- Aug 10, 2026Anduril Backers Give Cambridge Aerospace $3.4B ValuationCambridge Aerospace, a British drone-and-missile interceptor startup, raised a $300 million Series C led by DFJ Growth at a $3.4 billion valuation, taking its total raised past $630 million in under two years.→
- Aug 9, 2026Defense Tech's Valuation Ladder Gains a New RungAnduril remains in talks to raise at a roughly $100B valuation just weeks after Hadrian's own 5x step-up to $7.87B — two data points suggesting defense-tech valuations are compounding faster than the underlying contract backlogs are being disclosed.→
- Aug 6, 2026Hadrian Raises $1.37B to Automate Defense FactoriesHadrian raised a $1.37B Series D at a $7.87B valuation -- roughly 5x its prior mark -- to build automated factories that machine precision parts for SpaceX, Anduril and other aerospace and defense suppliers.→
- Jul 28, 2026Why Anduril's $100B Ask Is Really About Buying TimeAnduril is exploring a new round that could value it near $100 billion, more than triple the $61 billion mark from its $5 billion raise months ago -- a jump that reads more like an IPO stall tactic than pure growth.→
- Jul 13, 2026Defense Tech's $14.6B Pace Shows No Sign of SlowingDefense tech startups raised $14.6 billion in the first five months of 2026 alone, already blowing past the previous full-year record of $9.6 billion set in 2025, led by Anduril, Shield AI and Saronic.→
Coverage Timeline
newest first- Sep 8, 2026FUNDINGDefense Tech's Record Year Is Concentrating, Not Broadening→
- Aug 31, 2026FUNDINGDefense Tech's $35.6 Billion Year, By the Comps$35.6B YTD (+40%)→
- Aug 17, 2026REGULATIONSEC Accuses Boiler Room of $74M SpaceX, Anthropic Fraud$74M raised, $23M in fees→
- Aug 17, 2026FUNDINGDefense Tech's Funding Boom Still Has Room to Run$35.6B H1 defense funding→
- Aug 15, 2026REGULATIONSEC Charges $74M Pre-IPO Share Boiler Room$74M scheme→
- Aug 10, 2026FUNDINGAnduril Backers Give Cambridge Aerospace $3.4B Valuation$300M Series C→
- Aug 9, 2026FUNDINGDefense Tech's Valuation Ladder Gains a New Rung~$100B talks→
- Aug 6, 2026FUNDINGHadrian Raises $1.37B to Automate Defense Factories$1.37B Series D→
- Jul 28, 2026FUNDINGWhy Anduril's $100B Ask Is Really About Buying Time→
- Jul 13, 2026FUNDINGDefense Tech's $14.6B Pace Shows No Sign of Slowing$14.6B H1 2026→
- Jul 7, 2026FUNDINGDefense Tech's Funding Smashes Records Again in 2026$14.6B+ into defense tech in 2026→
- Jun 24, 2026FUNDINGValor Equity Partners Looks to Raise a $2.5B Fund VII on Its SpaceX and Anduril Marks$2.5B target→
All Coverage
FUNDING
Defense Tech's Record Year Is Concentrating, Not Broadening
Defense tech has already topped 2025's full-year funding record with four months left in 2026, but deal volume is barely up -- the dollars are concentrating into fewer, larger rounds led by Anduril and Castelion.
DEEP DIVE
FUNDING
Defense Tech's $35.6 Billion Year, By the Comps
FUNDING$35.6B YTD (+40%)
Defense Tech's $35.6 Billion Year, By the Comps
Anduril at $61 billion, Castelion at $13 billion, True Anomaly at $600 million raised -- the named rounds behind defense tech's $35.6 billion year explain what's actually driving the category better than the aggregate number does.
DEEP DIVE
REGULATION
SEC Accuses Boiler Room of $74M SpaceX, Anthropic Fraud
REGULATION$74M raised, $23M in fees
SEC Accuses Boiler Room of $74M SpaceX, Anthropic Fraud
The SEC accused a Long Island-based operation, the Spaventa Group, of running a boiler room that sold retirees marked-up private shares in SpaceX, Anthropic, Anduril and Perplexity, collecting more than $74 million and $23 million in undisclosed fees.
DEEP DIVE
FUNDING
Defense Tech's Funding Boom Still Has Room to Run
FUNDING$35.6B H1 defense funding
Defense Tech's Funding Boom Still Has Room to Run
Anduril's talks for a $100 billion valuation, up from $61 billion two months ago, are the headline, but the real story is how deep the defense-tech funding bench has gotten behind it.
DEEP DIVE
REGULATION
SEC Charges $74M Pre-IPO Share Boiler Room
REGULATION$74M scheme
SEC Charges $74M Pre-IPO Share Boiler Room
The SEC charged Long Island financier Andrew Spaventa and three entities with defrauding 800+ retail investors of $74 million by marking up pre-IPO shares of SpaceX, Anthropic, Anduril and Perplexity sold via cold-calling agents.
DEEP DIVE
FUNDING
Anduril Backers Give Cambridge Aerospace $3.4B Valuation
FUNDING$300M Series C
Anduril Backers Give Cambridge Aerospace $3.4B Valuation
Cambridge Aerospace, a British drone-and-missile interceptor startup, raised a $300 million Series C led by DFJ Growth at a $3.4 billion valuation, taking its total raised past $630 million in under two years.
DEEP DIVE
FUNDING
Defense Tech's Valuation Ladder Gains a New Rung
FUNDING~$100B talks
Defense Tech's Valuation Ladder Gains a New Rung
Anduril remains in talks to raise at a roughly $100B valuation just weeks after Hadrian's own 5x step-up to $7.87B — two data points suggesting defense-tech valuations are compounding faster than the underlying contract backlogs are being disclosed.
BRIEF
FUNDING
Hadrian Raises $1.37B to Automate Defense Factories
FUNDING$1.37B Series D
Hadrian Raises $1.37B to Automate Defense Factories
Hadrian raised a $1.37B Series D at a $7.87B valuation -- roughly 5x its prior mark -- to build automated factories that machine precision parts for SpaceX, Anduril and other aerospace and defense suppliers.
BRIEF
FUNDING
Why Anduril's $100B Ask Is Really About Buying Time
FUNDING
Why Anduril's $100B Ask Is Really About Buying Time
Anduril is exploring a new round that could value it near $100 billion, more than triple the $61 billion mark from its $5 billion raise months ago -- a jump that reads more like an IPO stall tactic than pure growth.
FUNDING
Defense Tech's $14.6B Pace Shows No Sign of Slowing
FUNDING$14.6B H1 2026
Defense Tech's $14.6B Pace Shows No Sign of Slowing
Defense tech startups raised $14.6 billion in the first five months of 2026 alone, already blowing past the previous full-year record of $9.6 billion set in 2025, led by Anduril, Shield AI and Saronic.
FUNDING
Defense Tech's Funding Smashes Records Again in 2026
FUNDING$14.6B+ into defense tech in 2026
Defense Tech's Funding Smashes Records Again in 2026
Defense tech startups have already pulled in more than $14.6 billion in venture funding in 2026, surpassing all of 2025's record $9.6 billion, led by Anduril, Shield AI and Saronic megarounds.
FUNDING
Valor Equity Partners Looks to Raise a $2.5B Fund VII on Its SpaceX and Anduril Marks
FUNDING$2.5B target
Valor Equity Partners Looks to Raise a $2.5B Fund VII on Its SpaceX and Anduril Marks
Antonio Gracias's Valor Equity Partners is raising a $2.5 billion Fund VII, per Bloomberg -- a step up from the $2.35 billion Fund VI it closed in 2024. A long-time backer of Elon Musk's companies, Valor has reserved part of the new fund for additional SpaceX investment, where it owns roughly 4% of the now-public rocket maker.
Value Add Research
- Company Deep Dive · Aug 27, 2026Anduril Industries: The $61B Defense Startup's Business Model
- VC & Investing · Aug 11, 2026$3.4B Cambridge Aerospace — UK Defense Tech
- AI & Technology · Jul 31, 2026$350B Palantir — How It Makes Money (2026)
- Market & Trends · Jul 19, 2026US-China Decoupling 2026: AI-GPU Self-Sufficiency Hits 41%
- VC & Investing · Jul 15, 2026$61B Anduril IPO — Valuation, Revenue & Timeline
- VC & Investing · Jul 15, 2026$12.7B Shield AI IPO — Defense Tech Listing (2026)
- Market & Trends · Jun 10, 2026ICEYE: €450M Series F, €10B Valuation, 4x Since Dec 2025
Related Companies
Sources & methodologyshow
Where these figures come from
- Value Add Pulse researchValue Add VC data6 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.