Stark Secures €500 Million From Sequoia Capital And Others At €3 Billion Valuation

Stark has closed a €500 million (approximately $570 million) funding round at a reported valuation nearing €3 billion. The funding round was backed by Sequoia Capital, Founders Fund, NATO Innovation Fund, Project A Ventures, Air Street Capital, 201 Ventures, Advent International, and Döpfner Capital. The company plans to use the new capital to accelerate electronic warfare research and development, expand hardware production capacity, and support sovereign defense operations.

Summary of transaction details:

• Deal Type: Funding
• Transaction Amount: $570,000,000
• Valuation: €3,420,000,000
• Founders: Uwe Horstmann, Johannes Schaback & Florian Seibel
• Headquarters: Berlin, Germany
• Investors: Sequoia Capital, Founders Fund, NATO Innovation Fund, Project A Ventures, Air Street Capital, 201 Ventures, Advent International & Döpfner Capital

Stark is a developer of autonomous defense systems, led by founder and CEO Uwe Horstmann. The company has raised a total of €640 million in funding to date and is focused on scaling its integrated portfolio of autonomous defense platforms and command-and-control software.