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2w ago

Anduril Seeks $4 Billion Led by Thrive and a16z, Targeting $60 Billion Valuation

The defense-tech firm is pursuing manufacturing expansion in Ohio to scale drone production.

The Anduril signage at the Singapore Airshow at Changi Exhibition Centre in Singapore, February 3, 2026. REUTERS/Caroline Chia
Costa Mesa-based Anduril Industries is teaming up with Microsoft to improve the performance of new combat goggles for the US Army. Anduril said Thursday that the project could generate as much as $21.9 billion from the service over a decade. (Photo courtesy of Anduril Industries)

Overview

  • Anduril is seeking about $4 billion in new funding co-led by Thrive Capital and Andreessen Horowitz, according to Reuters and Bloomberg.
  • The potential deal would value the company at roughly $60 billion, nearly doubling its $30.5 billion valuation from June last year.
  • Representatives for Thrive declined to comment, and Andreessen Horowitz and Anduril did not immediately respond to inquiries.
  • The fundraising aligns with plans for a new Ohio facility to mass-produce aerial and maritime drones and other systems.
  • An Air Force summary cited drone crashes and electronic-warfare issues with Anduril’s Ghost system in Ukraine, which the company has characterized as isolated failures.