Anduril in Talks for Funding at $100 Billion Valuation

The American defense tech company Anduril is in talks with investors for a new funding round that could bring its market valuation to approximately $100 billion. This valuation would place it on par with giant competitors such as Northrop Grumman and Lockheed Martin, according to a report by Reuters.

However, the report notes that the funding round and valuation estimates are not yet final. In May, Anduril, which operates in the field of UAVs and robotics for military needs, raised $5 billion at a valuation of $61 billion. The round was led by major American funds Andreessen Horowitz and Thrive Capital, led by Josh Kushner.

The company was founded in 2017 by Palmer Luckey, who previously founded the virtual reality company Oculus and sold it to Facebook in 2014 for $2 billion. Anduril is considered one of the few companies, alongside Palantir, that started as a small startup and succeeded in selling in large volumes to the defense establishment in the USA and other countries. In June, Calcalist reported that the company had begun exploring the opening of operations in Israel.

According to the Reuters report, one of the ideas being considered is a two-stage process in which investors would commit to funding a second round at a higher valuation within a year. The valuation for the second round may be contingent on Anduril meeting specific financial targets. These funding talks are taking place against the backdrop of ongoing regional conflicts, which have led to an increase in demand for the company's products.

If achieved, this valuation would make the California-based Anduril similar in value to Lockheed Martin, one of the largest defense companies in the world, which produces F-22, F-15, and F-35 aircraft. In January, Anduril reported revenue of $2.2 billion for 2025 and has doubled its workforce.

A spokesperson for Anduril told Reuters that no decisions have been made regarding any future funding: