Stark Defence, a Berlin-based startup founded in 2024 that develops kamikaze/strike drones, raises €500 million in a new funding round, multiple outlets report. The round is led by Sequoia Capital and Peter Thiel’s Founders Fund, according to Bloomberg and The Next Web. Bloomberg describes the effort as part of a broader flow of private capital into European military technology.

The company’s valuation in the transaction is reported at more than €3.5 billion. The Next Web notes this figure is roughly triple the €1 billion level Stark Defence is said to have reached earlier in the year. The reports characterize Stark’s product focus as kamikaze drones, which are designed to conduct strike missions.

Neither outlet provides details on the exact ownership breakdown, specific use of proceeds, or the company’s revenue or contracts in the excerpts provided. The key reported points across sources are the amount raised, the investors leading the round, the reported valuation, and the company’s recent founding and drone focus.