Anduril Seeks $60 Billion Valuation In New Funding Round

Defense technology company Anduril is seeking a new funding round that would value the company at about $60 billion, according to recent published reports.

Multiple outlets have reported that Anduril is discussing a financing that could total about $4 billion. The reports say the round is expected to be led by Josh Kushner’s Thrive Capital and venture firm Andreessen Horowitz.

The reported talks center on a new private fundraising that would place Anduril among the most highly valued U.S. defense-focused startups. The company is known for building technology products aimed at military and national security customers.

TechCrunch reported that Anduril aims at a $60 billion valuation in the new funding round. Bloomberg reported that Thrive Capital and Andreessen Horowitz are expected to lead a $4 billion round. Similar details were also reported by Seeking Alpha, The Information, and Tech in Asia, which cited reports of discussions around a $60 billion-plus valuation.

Anduril has been a prominent name in the fast-growing intersection of defense and Silicon Valley-style venture capital. A $60 billion valuation, if reached, would represent a major benchmark for the sector and would underscore the increasing role of private capital in companies that build defense-related hardware and software.

The size and leadership of the reported round also matter. A multibillion-dollar fundraising led by two major venture firms would signal continued investor appetite for large, late-stage financings in defense technology, even as many other private markets have been more selective about big valuations and oversized rounds.

The reports do not indicate that a deal has been finalized, and terms of private financings can change during negotiations. The companies involved have not been quoted in the cited headlines as confirming the fundraising publicly.

Next steps will depend on whether Anduril and the prospective investors finalize terms, including the total amount raised and the final valuation. If the round is completed, attention is expected to turn to how Anduril deploys the new capital and whether the financing reshapes expectations for other defense technology startups seeking large private rounds.

For now, the development positions Anduril at the center of one of the largest reported private fundraising efforts in the defense technology industry, with a valuation target that would place it in the top tier of privately held U.S. companies.