2 days ago
Attack Drone Maker Stark Set to Boost Valuation on Sequoia Raise
German kamikaze drone maker Stark Defence is raising a funding round led by Sequoia Capital, boosting its valuation to around $500 million 18 months after its inception, according to people familiar with the matter.
The startup plans to raise around $60 million, according to the people, who asked not to be identified as the information is not yet public. 8VC, the venture capital fund run by politically connected investor and Republican donor Joe Lonsdale, is in discussions to join the round, the people said. The funding is not yet finalized and some of the details could still change, they said.
