Defense technology firm Anduril is in early-stage discussions for a new funding round. The potential deal targets a $100 billion valuation.
This valuation would rival established defense giant Northrop Grumman and approach the scale of Lockheed Martin. Final terms for the fundraising remain under negotiation.
The talks follow a $5 billion funding round in May 2026 that valued the company at $61 billion. A successful raise would mark one of the fastest valuation increases for a private company.
Intense investor interest stems from rising global demand for autonomous systems, drones, and military software.