Anduril reportedly in talks to raise funding at $100B valuation, more than 3x last year’s mark

Defense tech company Anduril is said to be raising a new round of capital that may push its valuation up by a whopping $40 billion to about $100 billion, Reuters reported, citing anonymous sources.

The company, which raised $5 billion in May at a $61 billion valuation — itself roughly double the $30.5 billion valuation it landed in its June 2025 Series G round — may be structuring the fundraise as a two-stage process, with the second stage bringing in investors at a higher valuation. Both tranches could be closed within the year, Reuters reported.

The news comes as the defense tech industry experiences an unprecedented revival, spurred by demand for drones, autonomous craft, and AI’s role in warfare, as war rages both in the Middle East and Eastern Europe. In the first six months of the year, the sector saw venture funding more than doubleto over $12 billion,...

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