Defense tech startup Anduril Industries said Wednesday that it has raised another $5 billion in funding at a $61 billion valuation ' double the valuation of $30.5 billion it received less than a year ago. The Series H round, led by Andreessen Horowitz and Thrive Capital, brings the Costa Mesa, California-based company's total raised to date to $11.4 billion, per Crunchbase. The funding comes amid record venture investment into startups developing defense, wartime and national security technologies and a Trump administration push to modernize the U.S. military. Just through mid-May, defense-related startups ' defined by Crunchbase as the industries of military, national security and law enforcement ' have raised nearly $13.6 billion this year, per Crunchbase data. That puts them on track to more than double the already record-breaking total of $8.8 billion raised in 2025, when Anduril was by far the sector's largest venture capital recipient. 'When we founded Anduril in 2017, defense...
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