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Anduril raises $5B, doubles valuation to $61B

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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. drone company, recently had its software selected by the Air Force to work with Anduril’s “Fury” autonomous fighter jet, rather than granting the whole hardware and software contract to either one of them.

Still, Anduril is hardly hurting by sharing. In the past few weeks, it has announced a number of contracts, expanding outside the U.S., too.

In May it announced it was part of a contract with others to develop a space-based “golden dome” defensive system — a missile defense shield designed to protect the continental U.S. — for America. Anduril also announced a contract win from the Dutch Ministry of Defense and a U.S. Army contract for battle manager software, using its Lattice platform to analyze data from joint missile defense systems.

“When we founded Anduril in 2017, defense was not a category that attracted significant venture investment. That has changed meaningfully over the last several years,” Schimpf wrote in the post.

It has. To offer just a few recent examples: in March, Shield AI raised $1.5 billion in Series G funding at a $12.7 billion valuation. Last month, Hermeus, maker of hypersonic unmanned fighter jets, raised $350 million at a $1 billion+ valuation, led by Khosla Ventures. And European defense tech darling Helsing is reportedly close to raising a new $1.2 billion round at about an $18 billion valuation, led by Dragoneer and earlier Helsing investor Lightspeed.

Anduril has now raised more than $11 billion from investors altogether.

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From Producing Nigerian Internationals to Building Their Own Stadium: Buruj Sports Academy Takes Bold Step as Ikorodu Football Dream Attracts Investors

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Buruj Sports Academy is turning years of grassroots football success into an ambitious infrastructure project, unveiling a proposed stadium development in Ikorodu, Lagos State, aimed at transforming opportunities for young Nigerian footballers.

The academy, founded by Dr. Waheed Salaudeen, has presented a new development layout featuring a standard 105m × 68m football pitch, spectator stand, changing rooms, administrative and first-aid facilities, toilets, parking spaces and perimeter security.

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The project represents a significant step toward establishing a permanent home for the academy’s growing football development programme.

Buruj’s ambitions are backed by its record of nurturing promising talents, including former Nigeria Under-15 internationals Raheem Moyinoluwa Salaudeen and Fawas Ayomide Adeleke, who represented Nigeria in youth competitions in Morocco and Algeria.

The academy has also facilitated opportunities for players in Spain and Lithuania, while six Buruj youngsters recently earned selection for an international football exposure programme following the Italian Consulate General U-20 Tournament.

Unlike its earlier three-acre, 5,000-seat stadium concept, the latest architectural proposal adopts a more practical, phased approach, beginning with an approximately 80–100-seat stand and essential football facilities. Punch Newspapers +1

Dr. Salaudeen, who serves as founder and Chief Executive Officer, has consistently championed football development alongside education.

“This dream is bigger than Buruj Sports Academy alone. We are appealing to private individuals, corporate organizations, investors, and well-meaning Nigerians to support this vision.”

His appeal reflects a determination to build a sustainable sporting institution capable of serving generations of young Nigerians. Sports247 Nigeria +1

For potential investors, the project offers opportunities in stadium naming rights, facility sponsorship, youth development partnerships, football tournaments and community sports programmes.

With a survey document and proposed layout now presented, Buruj is inviting partners to help turn its vision into reality, subject to necessary technical assessments and development approvals.

From discovering football stars to building the infrastructure that produces them, Buruj Sports Academy is no longer simply dreaming of the future — it is preparing to build it.

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ADC Postpones Presidential Campaign Flagoff, Fixes New Date

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The African Democratic Congress (ADC) has postponed the flag-off of its presidential campaign in Sokoto State, earlier scheduled for Saturday, October 31, to Wednesday, November 4.

The party’s Presidential Campaign Council in Sokoto State announced the postponement in a press statement issued on Wednesday, and signed by its Director-General, Bello Aliyu Goronyo.

According to the statement, the decision was taken to address certain planning and coordination issues to ensure the successful conduct of the campaign event.

The council appealed to party leaders, stakeholders, supporters and members of the public to take note of the new date, while expressing regret over any inconvenience caused by the change in schedule.

“The African Democratic Congress (ADC) Presidential Campaign Council in Sokoto State wishes to announce the postponement of its Presidential Campaign Flag-off, earlier scheduled for Saturday, 31st October 2026, to Wednesday, 4th November 2026,” the statement read.

Explaining the reason for the change, the council said, “The decision follows the need to address certain planning and coordination considerations to ensure the successful conduct of the event.”

“The Campaign Council regrets any inconvenience the change may cause and sincerely appreciates the understanding, patience and continued support of party leaders, stakeholders, supporters and members of the public,” Goronyo added.

He urged all concerned to take note of the new date and expressed the council’s readiness to welcome party leaders, supporters and other stakeholders to the event.

The postponement comes amid reports of difficulties involving hotel accommodation in Sokoto ahead of the campaign flag-off originally scheduled for Saturday.

Reports had emerged that hotel rooms were being booked ahead of the planned ADC event, with allegations that some hotel owners were refusing to release rooms to prospective guests.

The development comes as the ADC continues preparations for the 2027 general election, with former Vice President Atiku Abubakar as the party’s presidential candidate.

Rotimi Amaechi // Atiku Abubakar
Rotimi Amaechi // Atiku Abubakar

The party is seeking to strengthen its support across the country as opposition parties prepare to challenge President Bola Tinubu and the ruling All Progressives Congress in the forthcoming presidential election.

Earlier on Wednesday, the ADC Presidential Campaign Council at the national level disowned an unsigned campaign timetable circulating on social media, urging party members, supporters and other stakeholders to disregard the document.

The council said the timetable, which contained proposed dates and locations for campaign rallies and other political activities across the country, had not been authorised by the campaign organisation.

In a statement signed by the Director of Media and Publicity of the ADC Presidential Campaign Council, Kola Ologbondiyan, the party clarified that the document did not originate from the council or its campaign office.

“The African Democratic Congress Presidential Campaign Council (ADC-PCC) has disowned an unsigned campaign timetable currently in circulation, clarifying that the document did not emanate from the Council or its campaign office,” the statement said.

Ologbondiyan urged party members and stakeholders to wait for official announcements regarding the campaign schedule.

“Accordingly, all members and stakeholders are urged to disregard the document and await official communications from the ADC-PCC on campaign activities and schedules,” he added.

The unsigned timetable listed Sokoto State as the proposed starting point for the presidential campaign on October 31, 2026, and outlined proposed activities in several other states before a closing rally scheduled for Adamawa State on January 11, 2027.

The document also contained proposed dates for rallies, town hall meetings and other political engagements in states including Kebbi, Zamfara, Ogun, Oyo, Rivers, Delta, Edo, Cross River, Anambra, Enugu, Ebonyi, Abia, Benue, Plateau, Kaduna, Kano and Borno.

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