Anduril hauls in $5B for Series H round
A Wide-Area Infrared System for Persistent Surveillance system made by Anduril on display at the Brussels European Defence Exhibition & Conference in March. Photo by Omar Havana / Getty Images
By
Ross Wilkers
The autonomous tech specialist recorded $2.2 billion in revenue for 2025 and doubled its workforce.
Anduril, a poster child for the small group of defense technology unicorns, has hauled in $5 billion via a Series H capital raise to support continued investments in manufacturing capacity and research-and-development efforts.
Brian Schimpf, chief executive of Anduril, announced the round’s closure Wednesday and said the nine-year-old autonomous tech specialist doubled its annual revenue to $2.2 billion in 2025.
The company also “nearly doubled our workforce, won and delivered on our first international program of record to the Royal Australian Navy, and demonstrated autonomous flight on an Air Force unmanned combat aircraft program, among many other milestones,” Schimpf wrote in his letter to investors. “We transitioned more than double the number of developmental systems into production at scale than we had previously.”
Anduril’s newest financing round values the company at a touted $61 billion, which is double the $30.5 billion valuation from the $2.5 billion Series G round closed in June.
Investors and other defense market observers widely expect Anduril to undertake an initial public offering at some point. Palmer Luckey, who co-founded Anduril in 2017, told CNBC in June that an eventual IPO is certain and necessary for the company to compete for larger contracts.
The $1 billion valuation figure is a primary benchmark investors use to determine a defense tech company’s labeling as a unicorn. Anduril, Chaos Industries, Hadrian, Saronic and Shield AI are examples of members belonging to this group.
Anduril started out with a focus on software and has gradually pushed further into hardware manufacturing in recent years, but with software still as the centerpiece of the physical product.
In March, Anduril both announced its acquisition of space-based data provider ExoAnalytic Solutions and unveiled a timeline for starting production of a robot drone wingman offering for the Air Force.
Then in April, Space Force selected Anduril as one of a dozen companies to develop space-based interceptors for the future Golden Dome missile defense system.
On Wednesday, the Pentagon announced an agreement with Anduril and three other companies to buy roughly 10,000 lower-cost hypersonic missiles over the next three years.
Also this year, Anduril signed a $20 billion enterprise agreement with the Army to consolidate all existing contracts with the company into a single vehicle.
Below is a Bloomberg TV interview conducted Wednesday with Anduril CEO Brian Schimpf.