Helsing, a Berlin-based information technology company that uses artificial intelligence to implement security, raised €102.5 million in its Series A round of funding.
The investment includes €100M from Prima Materia, the European investment company founded by Daniel Ek, co-founder, and CEO of Spotify.
With this deal, Ek will join the company’s Board, alongside Helsing’s co-founders Torsten Reil, Gundbert Scherf, and Niklas Köhler.
The proceeds from the round will be used to grow Helsing’s existing team of over 70 deep learning researchers, software engineers, and domain experts to further accelerate the development of the AI software platform.
Company: Helsing GmbH
Raised: €102.5M
Round: Series A
Funding Month: November 2021
Lead Investors: Prima Materia
Additional Investors:
Company Website: https://helsing.ai/
Software Category: AI technology for defense and national security
About the Company: Helsing, was founded to provide liberal democratic societies with AI technology for defense and national security. Its real-time software platform processes data from multiple sensors directly on vehicles and systems to provide an integrated view of the operational environment with the aim of faster and more accurate decision-making. Helsing’s AI has been built to be traceable and explainable from the outset. The company will focus on serving countries that meet the highest democratic standards. Currently, the platform has a presence in the UK and Germany and plans to open in France to complete the setup with three home markets in Q1 2022. Recently, Helsing has appointed former senior UK MoD official Nick Elliott as CEO of Helsing UK, and Sir Chris Deverell as a senior advisor. Earlier this year, Robert Fink joined as CTO from Palantir where he was Chief Architect.
Source: https://siliconcanals.com/crowdfunding/helsing-raises-102-5m/