News

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

Published

2 months ago

May 13, 2026

Preport

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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Related Topics:61B Anduril doubles raises valuation

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2026 African U-18 Boys Volleyball Championship: Nigeria Face Libya in Quarterfinal Today

Published

2 hours ago

July 27, 2026

Preport

Nigeria’s U-18 Boys Volleyball team will battle Libya in the quarterfinals of the 2026 African U-18 Boys Volleyball Championship today, Monday, July 27, in Alexandria, Egypt, with a place in the last four at stake.

The Nigerian youngsters booked their place in the knockout stage after an impressive group phase and will now look to continue their title quest against a determined Libyan side in one of four quarterfinal fixtures.

Victory for Nigeria will secure a semifinal berth, where they will face the winner of the all-Central African clash between Cameroon and Burundi.

On the opposite side of the draw, hosts Egypt will square off against Algeria, while Tunisia and Morocco will renew their North African rivalry for the remaining semifinal ticket.

Quarterfinal Fixtures

Libya vs Nigeria

Cameroon vs Burundi

Tunisia vs Morocco

Egypt vs Algeria

The 2026 African U-18 Boys Volleyball Championship has showcased some of the continent’s brightest young talents, with the knockout stage expected to deliver high-quality and fiercely contested encounters.

Nigeria will be aiming to produce another commanding display against Libya as they seek to move one step closer to the continental title and strengthen their bid for African U-18 volleyball glory.

Business

Cardoso, Okonjo-Iweala to Headline 7th Africa Emerging Markets Forum

Published

3 hours ago

July 27, 2026

Preport

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, will headline a high-level fireside dialogue at the 7th Africa Emerging Markets Forum in Abuja.

Scheduled for July 29–30, 2026, at the CBN Headquarters, the prestigious gathering will bring together global central bankers, finance ministers, and leading economists to tackle practical policy responses to growing global economic uncertainties.

The event which will be hosted by the CBN in collaboration with the EMF and the Centre for the Study of the Economies of Africa (CSEA), the 7th Africa Emerging Markets Forum will convene senior policymakers, central bankers, ministers, development partners, private-sector leaders and leading economists from Africa and around the world to examine practical policy responses to an increasingly uncertain global economic environment.

Held under the theme “Building Resilience Amidst Geoeconomic Uncertainties,” the 7th Africa Emerging Markets Forum will be headlined by the Cardoso–Okonjo-Iweala fireside dialogue, which will explore how African economies can build resilience, sustain reform momentum, deepen regional integration and unlock long-term growth amid an increasingly fragmented global economy.

The 7th Africa Emerging Markets Forum will also feature ministerial keynote addresses by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, and the Minister of Science, Technology and Innovation, Dr Kingsley Udeh, underscoring the importance of coordinated fiscal, monetary and innovation policies in advancing Africa’s economic transformation and long-term resilience.

Other distinguished participants include Indermit Gill, Chief Economist and Senior Vice President for Development Economics at the World Bank Group; Harinder Kohli, Founding Director and Chief Executive of the Emerging Markets Forum; Professor Adamu Ahmed, Vice-Chancellor of Ahmadu Bello University; alongside senior policymakers, academics, development partners and business leaders from across Africa and beyond.

Over two days, participants will examine a wide range of issues critical to the future of emerging markets, including macroeconomic stability, regional economic integration, cross-border payments, financial technology, infrastructure, foreign direct investment, technology transfer, artificial intelligence, and the interconnected challenges of food price volatility, inflation and monetary policy transmission in fragile and post-crisis economies.

According to the organisers, the 7th Africa Emerging Markets Forum aims to foster open dialogue on issues of strategic importance to emerging markets and developing economies while identifying practical policy solutions that can be adapted to the unique circumstances of individual countries.

The Forum underscores the shared commitment of the Central Bank of Nigeria and its partners to strengthening regional cooperation, advancing evidence-based policymaking and promoting innovative solutions that enhance Africa’s resilience and support sustainable, inclusive economic growth.

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