Anduril Industries is in discussions to secure as much as $8 billion in fresh capital in a funding round that would set the company's valuation at no less than $60 billion, according to people familiar with the matter. If completed, the raise would substantially expand the company’s financial flexibility to build a dedicated weapons-manufacturing facility and to further develop an autonomous fighter jet program.
The company’s last major financing, a $2.5 billion round completed in June of last year, valued Anduril at $30.5 billion. The valuation being sought in the current talks would be roughly double that figure, reflecting rapid growth in investor interest in defense-focused technology firms.
Anduril, a defense-technology startup, designs and supplies a range of systems that include sensors and unmanned aerial systems. The firm has attracted attention as a supplier of lower-cost autonomous defense capabilities, an area of heightened demand as militaries reassess force structure and procurement in light of emerging technologies.
Backers see opportunities for such systems as unmanned and autonomous platforms change operational concepts on the battlefield. Demand has been driven in part by the increasing role of drones in recent conflicts and by policy initiatives that push the U.S. defense establishment to adopt more advanced technologies to maintain competitiveness.
The additional capital under consideration would be directed toward two strategic priorities. First, it would support construction and equipping of the company’s first large-scale facility dedicated to weapons manufacturing, which would alter its production footprint and could accelerate conversion of backlog into deliverable hardware. Second, the funds would help sustain development of an autonomous fighter-class aircraft, a complex program that would require sustained investment across engineering, testing, and supply-chain layers.
The company did not immediately respond to a request for comment outside regular business hours.
Anduril’s emergence has positioned it as a prominent private-sector defense technology vendor in Silicon Valley, particularly as interest grows in lower-cost autonomous solutions and adaptable sensor architectures. The potential infusion of up to $8 billion would mark a significant scaling event for the company and could influence supplier relationships, production hiring, and capital intensity across the defense-technology sector.
Context and constraints
- Prior valuation: $30.5 billion from a $2.5 billion funding round in June of last year.
- Target raise: up to $8 billion, seeking a valuation of at least $60 billion.
- Primary uses cited for proceeds: a major weapons-manufacturing facility and advancement of an autonomous fighter jet project.
- Company focus: sensors and drones among a broader portfolio of defense-technology solutions.