# Anduril Series H On May 13, 2026, [[Anduril]] raised a $5B Series H round at a $61B valuation, doubling its $30.5B mark from less than a year prior. The round was led by returning investors [[Thrive Capital]] and [[Andreessen Horowitz]]. Anduril's revenue doubled in 2025 to $2.2B; the company stated it will invest "aggressively" in manufacturing capacity, R&D, and infrastructure. ## Significance Defense-tech valuation watershed and major signal that the original Thiel/Founders Fund thesis on Anduril is paying off at public-comparable scale. The pre-IPO positioning matters: at $61B Anduril rivals the smaller defense primes. The Thrive/a16z lead also marks crossover-fund commitment at a moment when many late-stage venture vehicles have pulled back. ## See Also - [[Anduril]] - [[Palmer Luckey]] - [[Thrive Capital]] - [[Andreessen Horowitz]] - [[Founders Fund]]