Defense tech startup Anduril on Wednesday said it raised $5 billion, doubling its valuation to $61 billion in a funding round led by Thrive Capital and Andreessen Horowitz.

CEO Brian Schimpf said in a release that the company will "aggressively" invest in manufacturing, research and infrastructure to scale defense systems for the U.S. as it faces rising geopolitical risks.

The latest funding round doubles Anduril's valuation from $30.5 billion ahead of a widely anticipated IPO.

Oculus headset creator Palmer Luckey, who founded the company in 2017, said he would "definitely" take the company public in an interview with CNBC last year.

"When we founded Anduril in 2017, defense was not a category that attracted significant venture investment.…