Onodrim raises $300M Series A at $1.3B

Onodrim, a defence tech startup based in Amsterdam, has closed a $300 million Series A round led by Lux Capital, valuing the company at $1.3 billion. The founders, formerly at Palantir, plan to take controlling stakes in European defence suppliers. New offices will open in Munich and Turin, joining existing locations in Amsterdam, London and Vilnius.