MilitaryAIstartup Helsing has raised a whopping 450mn at areported valuationof 5bn.
The German company said the war chest will fund security for NATOs Eastern Flank.
Founded in 2021, Helsing has rapidly grown into one of Europes defence tech leaders.
Its now also among the continents most valuable AIstartups.
This rapid rise has coincided with increasing alarm about Russias threat toEurope.
Since the full-scale invasion of Ukraine began in 2022, defence budgets have soared across the region.
Helsing has provided an intriguing target for the funds.
The company develops AI software for weapons, vehicles, and military strategy.
Its tech has been integrated in battlefield simulations, electronic warfare forfighter jets, anddrones in Ukraine.
The startup has even entered space, upgrading signal intelligence and anti-jammingin satellites.
It’s free, every week, in your inbox.
With the new funds, Helsing plans tofurther enhance its AI.
The company has pledged to focus onprotecting European sovereignty particularly along NATOs border with Russia.
But speed is of the essence, they said.
The Series C raise was led by VC firm General Catalyst.
Elad Gil, Accel, Saab, Lightspeed, Plural, and Greenoak also participated.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
