A year after closing its previous multibillion-dollar funding round, Anduril Industries Inc. today announced that it has raised an additional late-stage round of $5 billion at a $61 billion valuation.

The Series H deal was jointly led by Thrive Capital and Andreessen Horowitz.

Anduril makes defense equipment such as drones, missile engines and radar systems. It’s also active in certain other segments. The company’s Seabed Sentry undersea sensor, for example, lends itself to not only defense applications but also commercial sea floor surveys. The device combines undersea sensors and communications hardware in a pressurized, tube-shaped carbon fiber chassis.

The company sells not only hardware products but also software for powering them. Its flagship software product, Lattice, can visualize data from thousands of sensors in a real-time map. Built-in artificial intelligence models analyze the information to generate decision recommendations.

Lattice ingests the data that it uses to generate maps and AI recommendations using a second Anduril product called Lattice Mesh. It’s a mesh network, or a wireless network that doesn’t rely on a centralized device such as a router to transmit data. It encrypts transmissions and prioritizes the most important traffic when there’s not enough bandwidth for every device.

Anduril sells a line of ruggedized network devices under the Voyager brand. Some can fit in a backpack while others are designed to be installed on a vehicle. The Voyager product series also includes a series of compact, ruggedized servers designed for use outside data centers. The most advanced system features 64 central processing unit cores, 515 gigabytes of memory and an optional graphics card.

One of the newest additions to Anduril’s product portfolio is a family of augmented reality headsets called EagleEye. According to the company, the devices can overlay data from sensors powered by its Lattice software onto the wearer’s field of view. They also include built-in sensors that can pick up radio signals.

On occasion of its funding round, Anduril published a memo that it sent to investors earlier in January. The document reveals that the company’s revenue doubled to $2.25 billion last year.

The company will use some of the new funding to expand its manufacturing capacity. In March, Anduril inaugurated a plant dubbed Arsenal-1 that has more than 5 million square feet of production space. The company says that the $900 million factory is one of the largest industrial facilities in Ohio.

It’s possible that Anduril will also use the funding round to finance inorganic growth. The company has made more than a half-dozen acquisitions since launch, the most recent of which it announced two months ago. The March deal saw Anduril buy a space observation company called ExoAnalytic Solutions that operates more than 400 telescopes around the world. 

Photo: Anduril