News
Anduril raising $4B round co-led by Thrive Capital and a16z at a reported $60B valuation
Mar 3, 2026
Key Points
- Anduril raises $4 billion co-led by Thrive Capital and Andreessen Horowitz, valuing the defense startup at $60 billion—nearly double its prior valuation.
- The funding fuels Anduril's expansion into mass production of autonomous drones, including a new Ohio facility for aerial and maritime systems.
- At $60 billion, Anduril now rivals legacy defense primes by market cap, positioning it to capture government spending on autonomous weapons platforms.
Summary
Anduril is raising $4 billion in a round co-led by Thrive Capital and Andreessen Horowitz, valuing the defense startup at $60 billion, nearly double its prior valuation. The company is using the capital to scale production, including a new facility in Ohio for mass-producing aerial and maritime drones. At $60 billion, Anduril now competes with legacy defense primes on market cap, though it remains well below Lockheed Martin's $150 billion. Bloomberg reports the round is still in process.