Defense Startup Anduril Hits $61 Billion Valuation, Takes on Legacy Contractors

Anduril Industries raised $5 billion in its latest funding round, reaching a $61 billion valuation. The startup builds AI-powered autonomous defense systems that move faster than traditional military development. This valuation—a 13-fold jump from four years ago—reflects investor belief that nimble, venture-backed firms can win real market share from established defense giants like Lockheed Martin and Raytheon.