Helsing
Assembly Line
Helsing raises €450M Series C for AI defence tech
German defence AI company Helsing has raised €450 million in a Series C financing round led by General Catalyst. Elad Gil, Accel, Saab, Lightspeed, Plural, and Greenoaks participated. This brings the company’s funding to over $760 million.
The funds will be used for product development and R&D; a particular focus will be on capabilities to secure European sovereignty including protecting the NATO Eastern Flank.
Helsing raises €209m Series B to bolster Defence AI Capabilities for Democracies
Defence AI company Helsing today announced that it has raised €209m in a Series B funding round led by General Catalyst. Swedish group Saab is joining the round as a strategic investor, deepening the existing partnership.
Founded in 2021, Helsing is a new type of defence company, developing AI-based capabilities to protect our democracies. Helsing’s software-only approach and deep partnerships with industry have led to rapid market adoption across Europe. In June 2023, the German government selected Helsing and its partner Saab to provide the new AI-enabled electronic warfare capabilities for the upcoming update of the Eurofighter. In August 2023, Helsing and its consortium partners won the contract to provide the AI backbone for the Future Combat Air System (FCAS) programme.