Onodrim, co-founded by a former Palantir forward deployed engineer, raises $300M at a $1.3B valuation to buy European defence suppliers
Amsterdam-based Onodrim Industries closed a $300 million Series A led by Lux Capital on November 9, valuing it at $1.3 billion. Its CTO, Alexander Blessing, was a forward deployed engineer at Palantir, and the company plans to take controlling stakes in aerospace, defence and industrial manufacturers and give them engineering teams to modernise products and operations.
Onodrim Industries announced a $300 million Series A on November 9, 2026, led by Lux Capital with General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090 and Expeditions, among others. The round values the company at $1.3 billion and follows a $45 million seed earlier this year.
Onodrim plans to take controlling stakes in established aerospace, defence and industrial manufacturers with permanent capital. It says its portfolio companies will get access to engineering teams that build new products and modernise manufacturing and operations. First acquisitions are expected in the coming months, and it is opening offices in Munich and Turin alongside Amsterdam, London and Vilnius.
The founding team comes out of Palantir: CEO Aistis Šimaitis was a technology leader there, and CTO Alexander Blessing was a Palantir forward deployed engineer. Co-founder Christian Garrett is a partner at 137 Ventures.
For FDEs, it's another example of the career path running from forward deployed work to founding a company, and of the Palantir habit of sending engineers into the customer's operations being applied to old-line manufacturers. The company says it is hiring engineering and operations talent.
Source: www.prnewswire.com