Anduril Eyes $100B Valuation
Synopsis
The defence technology startup is in talks to raise fresh funding at a valuation that would rival major U.S. defence contractors.
U.S. Defense technology startup Anduril Industries is in talks for a new funding round that could give the company a valuation of nearly $100 billion, though the discussions are still ongoing and terms are not finalized.
If it transacted at the price, it would mark an increase from its previously estimated valuation of about $61 billion last May, when it raised $5 billion. Although no figure on the amount has been given by the firm, indications have emerged that the deal could be phased in such a way that part of it will depend on future performance.
Strong Financial Growth
Palmer Luckey and several technology entrepreneurs founded Anduril in 2017, creating autonomous aircraft, surveillance systems, counter-drone technology and AI software for military and national security agencies.
In 2025, the company generated a revenue of $2.2 billion, which was more than double from the previous year, due to higher demand from the government for autonomous defense systems and software.
Anduril has also increased its production capacity, and has won contracts from the U.S. Department of Defense and other countries.
Defense Spending Supports Sector
The funding talks are timely as military spending in most of the world's leading economies continues to rise. Military spending worldwide increased by 9.4% in 2024, reaching a record high of $2.72 trillion, SIPRI (Stockholm International Peace Research Institute’s) Military Expenditure Database 2025 reported. The U.S. was the biggest defense spender, followed by China, Russia, Germany and India.
Another example: Venture capital investment in defense technology has also been on the rise, according to industry research from PitchBook, which reports that the amount of capital invested in defense tech firms is on the rise, with investors growing more eager to back companies with autonomous systems and advanced manufacturing and AI-enabled defense software.
In response to reports, Anduril stated it has made no decisions on future financing, but it is regularly reviewing funding opportunities as a private company.
Source: Reuters
Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
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