Anduril Industries Inc. raised $5 billion in its latest funding round. This investment doubles the defense technology startup's valuation to $61 billion. Thrive Capital and Andreessen Horowitz led the financing.
The company will use the capital to scale manufacturing and increase R&D investment. Funds will also support infrastructure development to meet growing demand.
This round highlights a shift toward software, AI, and autonomous systems in warfare. Venture investment in the defense sector nearly doubled last year. The Pentagon is currently accelerating the adoption of these new technologies.