Anduril Closes $5B Series H at $61B Valuation, Eyes 2027 IPO
Anduril Industries closed a $5 billion Series H round led by Thrive Capital and a16z at a $61 billion valuation, nearly doubling from its $30.5 billion round in June 2025. Total funding reached $6.82 billion. A 2027 IPO is now a live possibility, per sources cited by The New York Times. The raise cements defense-AI hardware as the highest-momentum corner of late-stage venture this cycle.
Why It Matters
Anduril's doubling in under 12 months illustrates the rapid convergence of defense spending and AI infrastructure investment. It signals a structural shift: AI-integrated defense platforms are now attracting capital previously reserved for frontier model labs.