
07:00 ETOnodrim Industries Raises €40 Million in Seed Funding to Accelerate Europe's Defence & Industrial Technology Renaissance

Onodrim Industries, a European defence technology company based in Amsterdam, has raised €40 million in seed funding to enhance Europe's defence capabilities. The funding round was led by Founders Fund, Lakestar, and General Catalyst. Onodrim aims to address national security challenges through advanced defence manufacturing and technology. The founding team includes experienced leaders from Palantir Technologies and emphasizes the importance of rebuilding Europe's defence infrastructure in response to evolving geopolitical threats. The company plans to use the funds for product development, talent recruitment, and establishing manufacturing capabilities across Europe.
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