German artificial intelligence defense company Helsing successfully raised 450 million euros in Series C financing. This huge amount of funds will be mainly used for product research and development and further improving its competitiveness in the European security field. This round of financing was led by General Catalyst, with the participation of a number of well-known investment institutions, highlighting investors' confidence in Helsing's technical strength and market prospects. The editor of Downcodes will give you an in-depth understanding of Helsing’s financing details, business layout and the current application status of artificial intelligence in the national defense field.
German AI defense company Helsing recently raised €450 million in a Series C funding round. The funding will be used for product development and research with a focus on protecting NATO's eastern borders. The round was led by General Catalyst, with other investors including Elad Gil, Accel, Saab, Lightspeed, Plural and Greenoaks.
Picture source note: The picture is generated by AI, and the picture is authorized by the service provider Midjourney
Company co-founders Niklas Köhler, Torsten Reil and Gundbert Scherf said in a joint statement: "European security is at a crossroads and Helsing will play an important role in empowering democratic societies to deter and defend themselves. However, time is running out. This This new round of financing enables us to further accelerate our investment in large-scale R&D and capabilities across a variety of areas."
Helsing has been active in Ukraine since 2022 and recently co-founded the Defense Manufacturers Alliance with the Ukrainian government. The company has won several defense contracts since its inception. The contracts include electronic warfare upgrades for Germany's Eurofighter aircraft, AI infrastructure for the Future Combat Air System (FCAS), and a number of classified contracts in the maritime and land domains, according to the release.
Since Helsing is considered a critical technology company in Germany, the German Federal Ministry for Economic Affairs and Climate Action must approve the financing round. If the financing is approved, Helsing will become one of the most well-funded AI startups in Germany.
In the military field, AI is mainly used in logistics, reconnaissance, cyberspace and warfare. In Ukraine, AI-assisted drone reconnaissance and communications play an important role in fending off Russian attacks.
Highlight:
German AI defense company Helsing received 450 million euros in Series C financing for product development and research.
? Helsing has been active in Ukraine since 2022, cooperating with the government to establish a defense manufacturers alliance and has won multiple defense contracts.
AI is mainly used in logistics, reconnaissance, cyberspace and warfare in the military field. Ukraine uses AI to assist drone reconnaissance and communications to resist Russian attacks.
Helsing’s huge financing not only demonstrates the huge application potential of artificial intelligence in the field of defense, but also indicates that AI technology will further promote changes in European security strategies in the future. The editor of Downcodes will continue to pay attention to the development of Helsing and bring more exciting reports to readers.