Anduril Valued at $61 Billion in Round Led by Thrive, Andreessen

Anduril Industries Inc. is being valued at $61 billion in a $5 billion funding round led by Thrive Capital and Andreessen Horowitz, the defense technology company announced on Wednesday.

Anduril will invest “aggressively” in manufacturing capacity, research and development and infrastructure, Chief Executive Officer Brian Schimpf wrote in an investor note reviewed by Bloomberg News. The note also confirms the deal, some details of which were previously reported by Bloomberg.