Helsing

Russia's Ukraine war spurred a new generation of defense tech investors and startups like Helsing, applying a profit-driven model to Europe's military buildup

Patricia Cohen / New York Times :

Interviews with 40 sources describe concerns about Helsing, Europe's most valuable defense tech startup, including whether it can live up to its €5B valuation

do read [embedded post] X: David Hambling / @david_hambling : In short, Helsing appear to be taking $2k drones and selling them for more like $20k; some Ukrainian troops (who have used their own $2k d...

Helsing, which makes AI tools for defense, raised a €450M Series C led by General Catalyst, a source says at a €4.95B valuation, taking its funding to €769M

- Company formed in 2021 has now raised nearly €770 million  — Helsing will open entity in Estonia as part of Baltic push

Sources: Helsing, which provides AI tools to militaries, is raising a $400M+ Series C led by General Catalyst at a ~$4B valuation, after raising $200M+ in 2023