Anduril reportedly in talks to raise funding at $100B valuation, more than 3x last year's mark

Defense tech company Anduril is said to be raising a new round of capital that may push its valuation up by a whopping $40 billion to about $100 billion, Reuters reported, citing anonymous sources. The company, which raised $5 billion in May at a $61 billion valuation, itself roughly double the $30.5 billion valuation it landed in its June 2025 Series G round, may be structuring the fundraise as a two-stage process, with the second stage bringing in investors at a higher valuation. Both tranches could be closed within the year, Reuters reported. Anduril said in an emailed statement that no decisions have been made about any future financing, and anyone claiming knowledge of its terms, structure, pricing, or timing is speculating or misinformed. As a private company, we regularly evaluate opportunities to fund the growth of the business.