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German AI Defence Start-Up Helsing Raises €600 Million, Hits $12 Billion Valuation

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Helsing, a Munich-based defence technology start-up, has secured €600 million ($693 million) in its latest funding round, the company announced Tuesday. The investment was led by Prima Materia, an investment firm co-founded by Spotify founder Daniel Ek and Shakil Khan. This round brings Helsing’s total valuation to $12 billion, placing it among the top five private tech companies in Europe, according to the Financial Times.

Key Investors and Strategic Backing:

  • Prima Materia doubled its stake in this round.

  • Other notable participants include Lightspeed Ventures, Accel, Plural, General Catalyst, and Swedish defence company SAAB.

Helsing’s Ambitions:

Founded in Germany, Helsing develops AI-powered defence software and is now expanding its hardware capabilities to include:

  • Drones

  • Aircraft

  • Submarines

The company is positioning itself as a core enabler of modern European defence, aiming to support governments as they increase defence spending amid heightened geopolitical tensions, particularly in Europe.

Helsing’s software is designed to integrate across military platforms, delivering real-time situational awareness and threat detection using advanced machine learning. The move toward manufacturing its own defence hardware signals a broader ambition to become a full-spectrum defence contractor, bridging software and battlefield systems.