Krux
March 5, 2026
Anduril Seeking $4B at $60B Valuation, Doubling in 9 Months
Published: March 5, 2026 at 12:41 AM
Updated: March 5, 2026 at 12:41 AM
100-word summary
Defense AI startup Anduril is seeking $4 billion at a $60 billion valuation, according to reports citing The Wall Street Journal. Neither the company nor lead investors Thrive Capital and Andreessen Horowitz have confirmed the round. The deal would double Anduril's value in just nine months after its June 2025 raise at $30.5 billion. Silicon Valley's biggest checks are flowing to companies building weapons, not chatbots. The valuation leap suggests investors see defense contracts as more predictable than consumer AI, where hype is cooling and profits remain elusive. War, it turns out, scales faster than SaaS.
What happened
Defense AI startup Anduril is seeking $4 billion at a $60 billion valuation, according to reports citing The Wall Street Journal. Neither the company nor lead investors Thrive Capital and Andreessen Horowitz have confirmed the round. The deal would double Anduril's value in just nine months after its June 2025 raise at $30.5 billion. Silicon Valley's biggest checks are flowing to companies building weapons, not chatbots. The valuation leap suggests investors see defense contracts as more predictable than consumer AI, where hype is cooling and profits remain elusive.
Why it matters
War, it turns out, scales faster than SaaS.