PXR advises Stark on US$100 million equity funding

PXR has advised STARK on its recent equity financing round, bringing the total capital raised to date to approximately US$100 million.

The latest funding round was led by Sequoia Capital, with participation from numerous internationally renouned investors, including NATO Innovation Fund (NIF). Stark is now valued at approximately US$ 500 million, just 18 months after its founding.

Founded in 2024, Stark develops AI-powered loitering munition systems designed to give NATO forces a technological edge. Its core product, the OWE-V Virtus, enables vertical takeoff and landing and integrates real-time intelligence with autonomous navigation.

We thank Stark and its leadership for placing their trust in PXR on this landmark transaction.