Another year, another massive influx of capital for Anduril: the funding round that was rumored to be in process in March has officially closed. Anduril has raised a $5 billion Series H round at a $61 billion valuation, led by returning investors Thrive Capital and Andreessen Horowitz, the company announced Wednesday. This is more than double the valuation it landed just under a year ago, when it raised $2.5 billion at a $30.5 billion valuation led by Founders Fund. (Founder’s Fund invested a $1 billion check, the largest check it has ever written, it told TechCrunch at the time.) This latest raise comes after the nine-year-old defense tech company doubled revenue in 2025 to $2.2 billion, CEO Brian Schimpf wrote in a blog post announcing the raise. Interestingly, as much as Anduril is the clear-cut winner among VC investors, the Department of Defense is already giving signs that it won’t lock itself into any one rising-star startup. Shield AI, another U.S.…