Anduril Industries raised $5 billion on 13 May at a valuation of $61 billion, double the $30.5 billion of its Series G in June 2025. Thrive Capital and Andreessen Horowitz led the round. Both had backed the company before.
Anduril said the money would go into “manufacturing capacity, research and development, and the infrastructure” to build and field its systems at scale. It put its 2025 revenue at $2.2 billion.
The case for that spending was in a letter to investors from Brian Schimpf, the chief executive, written in January and published with the raise. “The consolidation and offshoring of the 1990s and 2000s decimated the domestic supplier base,” he wrote. The system “was built for steady-state sustainment, not surge or mobilization.”
What the money is building
The main project is Arsenal-1, Anduril’s factory near Rickenbacker airport outside Columbus, Ohio. It is planned at 5 million square feet on 500 acres, with $910.5 million committed and 4,008 jobs by 2035, according to the Columbus Region development agency.
Production of the Fury, the uncrewed jet the Air Force flies as the YFQ-44A, began there in March, three months ahead of the company’s July target. The first Ohio-built Fury came off the line on 27 July. Anduril says the line can build up to 150 aircraft a year as it is set up now.
Missiles from 2027
The raise came the same day as a Pentagon production framework for cheap cruise missiles. Anduril agreed to supply at least 3,000 surface-launched Barracuda-500M missiles over three years, at no published price. Leidos, CoAspire and Zone 5 signed frameworks under the same programme.
The frameworks set minimums, not orders. The Pentagon buys test missiles first and prices production lots after a military utility assessment. Anduril’s first Barracuda deliveries are due in 2027.
