Key facts
- Defense technology firm Anduril is in talks to raise new capital.
- The potential valuation for this funding round is approximately $100 billion.
- Anduril's valuation has surged significantly, more than tripling from last year's mark.
- The company previously raised $5 billion at a $61 billion valuation two months ago.
- Anduril reported $2.2 billion in revenue for 2025 and has doubled its workforce.
Defense technology firm Anduril is reportedly in discussions with investors for a new funding round that could value the company at approximately $100 billion. This potential valuation represents a significant increase from its previous $61 billion valuation achieved in May, and more than triples its valuation from last year. The company has benefited from a surge in demand for defense technology, including drones, autonomous craft, and AI applications in warfare, driven by ongoing conflicts in the Middle East and Eastern Europe. Anduril has secured contracts with various defense entities, including the U.S. Department of Defense, Air Force, and Army, as well as NATO and the U.K. Defence Ministry. The company reported doubling its revenue to $2.2 billion in 2025 compared to the previous year and has also doubled its workforce. Other defense startups like Shield AI and Mach Industries have also seen significant funding rounds and valuation increases amid this industry revival.