Venture-Backed Defense Startup Anduril Reaches $61 Billion Valuation, Challenging Legacy Contractors

Anduril Industries closed a $5 billion Series H funding round at a $61 billion valuation, positioning the defense technology startup to directly compete with established contractors like Lockheed Martin and Raytheon. The company's software-defined, AI-powered autonomous systems operate faster than traditional military development cycles. This valuation—a 13x increase from its Series D—signals investor confidence that agile, venture-backed firms can capture meaningful share from the multi-hundred-billion-dollar defense market.