Helsing’s €600 million funding signals Europe’s rising sovereignty in defense AI

Helsing, a Munich-based defense technology startup specializing in artificial intelligence applications across air, land, sea, space, and cyber domains, has secured €600 million in its latest Series D funding round. Led by Prima Materia, the investment firm founded by Spotify cofounder Daniel Ek, this round has propelled Helsing’s valuation to approximately €12 billion ($13.8 billion), positioning it among Europe’s top five private tech companies. Other prominent investors include Lightspeed Ventures, Accel, Plural, General Catalyst, Saab, and new backer BDT & MSD Partners.

Driving European strategic autonomy through AI-powered defense

Founded in 2021 by Gundbert Scherf, Niklas Köhler, and Torsten Reil, Helsing aims to transform modern warfare by integrating AI to interpret live battlefield data in real time. Its software fuses inputs from multiple sensors, drones, and surveillance systems to provide commanders with unified, actionable intelligence.

This capability enhances decision-making speed and accuracy, reducing reliance on outdated or foreign technologies. Helsing’s mission aligns with Europe’s growing emphasis on technological sovereignty and reducing dependence on external defense suppliers.

Did you know?
Helsing’s AI software transforms battlefield data into intuitive, real-time visualizations, enabling commanders to make faster, more informed decisions—akin to turning modern warfare into a highly responsive, data-driven environment.

Expanding capabilities beyond software into hardware and all-domain defense

In 2024, Helsing expanded into hardware with the launch of its HX-2 drone system, signaling a strategic move toward all-domain defense innovation. This approach integrates AI, cyber, air, land, sea, and space systems into a coordinated ecosystem, reflecting the evolving nature of modern conflict.

The company has also secured multiple government contracts, including upgrades to the German Eurofighter’s electronic warfare systems and classified projects in maritime and land domains, underscoring its growing role in European defense modernization.

Responding to escalating geopolitical tensions and security needs

The funding round comes amid heightened geopolitical uncertainty in Europe, with increased defense spending by governments responding to emerging threats. Helsing’s founders emphasize the urgency of accelerating research and development to provide democratic societies with effective deterrence and defense capabilities.

The company’s active involvement in Ukraine since 2022 and its Defense Manufacturers Alliance initiative with the Ukrainian government highlight its commitment to real-world impact.

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A vision for ethical AI deployment in defense

Helsing underscores its responsibility to develop and deploy AI technologies thoughtfully and ethically, aiming to protect democratic values while enhancing military effectiveness. The company’s leadership stresses that safeguarding democracies requires embracing AI to maintain a strategic edge, ensuring safety and deterrence through innovation aligned with ethical standards.

Strategic Outlook

Helsing’s substantial funding milestone signals a pivotal moment for European defense technology, emphasizing the continent’s pursuit of strategic autonomy through AI innovation. As geopolitical tensions persist, Helsing’s integrated approach to all-domain defense and ethical AI deployment positions it as a key player shaping the future of military operations.

Continued investment and development will be critical for Europe to maintain technological sovereignty and security readiness in an increasingly complex global landscape.