
Berlin drone startup Stark Defence raised €500 million led by Sequoia Capital and Founders Fund, pushing its valuation past €3.5 billion. The round includes the NATO Innovation Fund and others. Over 80 percent of the capital will fund manufacturing and research. The company builds loitering munitions and its Virtus drone has been deployed in Ukraine.
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Summary by ByteBrief
Stark raises €500M for German military drones