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Helsing uses AI to analyze a large number of sensors data and weapons from the battlefield.
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European Defense Technologies launch Helsing on Tuesday said it raised 600 million euros ($ 693.6 million) in new bumper financing.
The investment was headed by Prima Materia, Venture capital, based Hold CEO Daniel Ek and Shakil Khan, an early investor in a popular streaming application. EK is also the chairman of Helsing.
Existing investors Lightspeed Venture Partners, Accel, plural, total catalyst and SAAB also invest, as well as new BDT & MSD Partners investors.
Protection and technology behind it became the hot zone For investors recently, amid major global conflicts, including the war in Ukraine Israel. Last week there was a further escalation of the War in the Middle East as Israel launched a series of air strikes against Iran.
In 2024, the safety, security and stability sector reached a maximum of $ 5.2 billion, reports A Last report from the NATO innovation fund. Over the past two years, the sector has increased by 30%, surpassing a wider VC market, which has decreased by 45%over the same period.
Founded in 2021, Helsing sells a software that uses artificial intelligence technology to analyze large amounts of sensors and data systems from the battlefield to inform military solutions in real time. Last year, the startup also started producing its own military drone, called HX-2.
Helsing, working in the UK, Germany and France, said he would use fresh money to invest in Europe’s “technological sovereignty” – which is attempts to overcome the development and production of critical technologies, such as II.
“As Europe quickly strengthens its defense opportunities in response to developing geopolitical problems, there is an urgent need for investment in advanced technology that provides its strategic autonomy and security readiness,” EC said on Tuesday.
Helsing did not reveal his new assessment after the last round of financing, which is subject to “certain approval”, the report said. Earlier, the firm estimated about 5 billion euros at 450 million financing led by a general catalyst last year.
