Helsing, a Berlin, Germany-based defense AI startup, has raised €450 million in Series C, bringing its total funding to over €769 million.
Investors
The round was led by General Catalyst, with participation from Accel, Lightspeed Venture Partners, Plural, Greenoaks Capital Management, and Elad Gil.
General Catalyst is a venture capital firm that makes early-stage and transformational investments, backing exceptional entrepreneurs building innovative technology companies and market-leading businesses. With offices in San Francisco, New York City, London, Berlin, and Boston, the firm invests from seed to growth stage and beyond.
Helsing Use of Funds
The company plans to use the funding to bolster its AI capabilities and expand its presence in European nations, particularly those bordering Russia.
About Helsing
Founded in 2021, Helsing is an AI defense company focusing on developing advanced AI solutions for defense applications, enhancing information processing, improving drones and jet fighters, and optimizing battlefield decision-making. The company has secured deals with Airbus SE, German and Ukrainian defense ministries, and is involved in projects such as the German Eurofighter Electronic Warfare upgrade with Saab AB, the AI infrastructure for the Future Combat Air System (FCAS), and several classified maritime and land contracts. Headquartered in Germany, Helsing also operates offices in Munich, London, and Paris.
Funding Details
Company: Helsing GmbH
Raised: €450.0M
Round: Series C
Funding Month: July 2024
Lead Investors: General Catalyst
Additional Investors: Accel, Lightspeed Venture Partners, Plural, Greenoaks Capital Management, Elad Gil
Company Website: https://helsing.ai/
Software Category: AI Defense
Source: https://techcrunch.com/2024/07/11/defence-ai-startup-helsing-raises-487m-series-c-plans-baltic-expansion-to-combat-russian-threat/