Anduril Industries Inc. is in discussions to raise as much as $8 billion in a new funding round that could push its valuation beyond $60 billion, according to people familiar with the matter. If completed, the proposed financing would nearly double the defense technology firm’s valuation from the $2.5 billion funding round it closed last summer, thereby highlighting its growing traction with the U.S. government as well as investors’ strong appetite for artificial intelligence applications in military and defense environments.
At the same time, the company is engaging with a mix of traditional Silicon Valley venture capital firms and large institutional investors, which signals growing mainstream confidence in the business. Moreover, this broad investor outreach suggests that Anduril may already be laying the groundwork for a potential initial public offering in the future, the people said.
If the funding round reaches completion, Anduril would secure substantial capital to advance a wide range of ambitious initiatives. These plans include building a large-scale manufacturing facility and accelerating the development of autonomous weapons systems, both of which form a central part of the company’s long-term growth strategy.
Previously, the company stated that its annual revenue was on track to double to approximately $2 billion, driven primarily by contracts with the U.S. Defense Department and allied governments. As a result, Anduril has continued to strengthen its position as a key supplier of advanced defense technologies across Western military alliances.
Meanwhile, founder Palmer Luckey has said that the company aims to fundamentally reshape the military capabilities of the U.S. and its allies by integrating artificial intelligence, rapid manufacturing, and next-generation technologies into modern warfare systems.
As Anduril Industries moves closer to a potential multi-billion-dollar funding round, the talks underscore the growing convergence of artificial intelligence, defense innovation, and investor confidence. With rising revenues, expanding government contracts, and ambitious plans for autonomous systems, the company appears well positioned to play a defining role in the future of military technology while setting the stage for its next phase of growth.
