German startup STARK raised $62 million in funding led by Sequoia Capital, bringing their total funding to $100 million. Investors include Peter Thiel, 8VC, and the CIA’s venture branch, In-Q-Tel. STARK aims to scale production of AI-powered battlefield drones. They are working closely with NATO and testing systems under operational conditions. The flagship drone, OWE-V Virtus, boasts impressive capabilities, with a 60-minute battery life and speeds up to 160 mph. STARK is capitalizing on Europe’s defense rearmament, acquiring Pleno and expanding production facilities. Germany’s defense budget increase supports STARK’s growth amidst competition from Helsing.

Read more at Yahoo Finance: STARK Valued at $500M As Sequoia Invests In Next-Gen Drones