Munich-based defence AI firm Helsing, which develops artificial intelligence-powered systems for military applications, has secured $1.8 billion in Series E funding, valuing the company at $18 billion.
- Founded in 2021 by Gundbert Scherf, Torsten Reil, and Niklas Köhler, Helsing develops software platforms, autonomous systems, and AI-driven defence technologies for applications across air, land, sea, and electronic warfare domains.
- The company’s technology combines artificial intelligence with existing military hardware, enabling defence systems to analyse large volumes of data, detect potential threats, and support faster decision-making in complex operational environments.
- Helsing also builds autonomous platforms, including AI-enabled aircraft and underwater systems, while working with governments and defence partners to integrate its software into defence infrastructure.
- The firm’s approach centres on software-defined defence, using AI as an intelligence and coordination layer that connects sensors, platforms, and military assets into integrated networks.
Details of the deal
- The Series E round was backed by new and existing investors including Dragoneer Investment Group, Lightspeed Venture Partners, Disruptive, ICONIQ, Growth Equity at Goldman Sachs Alternatives, JPMorganChase, CPP Investments, General Catalyst, Plural, and StepStone Group.
- The funding will accelerate Helsing’s efforts to develop and integrate next-generation AI platforms into the defence capabilities of its growing network of partner nations.
