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Helsing's €450M Series C Funding Boost for AI Defense Innovation
2024-07-12 20:02:47
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Tech
Artificial Intelligence

Helsing's €450M Series C Funding Boost for AI Defense Innovation

German defense AI company, Helsing, has secured €450 million in Series C financing, elevating its valuation to 4.5 billion euros. With a focus on military technologies and bolstering European sovereignty, Helsing's recent funding will fuel product development and R&D efforts.

The company's strategic presence in Ukraine, government contracts for defense projects like the Eurofighter Electronic Warfare upgrade, and initiatives targeting NATO Eastern Flank protection mark its crucial role in the defense tech sector. The investment aims to fortify Helsing's AI capabilities, particularly in safeguarding Baltic states, amid escalating regional security concerns.

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Tech.eu
12. Juli 2024 um 07:27

Helsing raises €450M Series C for AI defence fech

Politics
Technology
Helsing, a German defense AI company, has raised €450 million in a Series C financing round led by General Catalyst. The company has been active in Ukraine since 2022 and recently established the Defence Manufacturers Alliance with the Ukrainian government. Helsing has secured several government contracts, including the German Eurofighter Electronic Warfare upgrade and the AI infrastructure for the Future Combat Air System (FCAS). The funds will be used for product development, R&D, and capabi..
Webrazzi
12. Juli 2024 um 09:00

Helsing, a company focused on military technologies, raised 450 million euros in investment

Politics
Technology
Economy
Helsing, a defense industry startup, has raised 450 million euros in Series C investment. This investment has increased Helsing's valuation to 4.5 billion euros. Helsing is one of the rapidly growing military technology-focused companies in Europe following Russia's invasion of Ukraine. With the new investment, the company will strengthen its presence in the Baltic countries and increase its number of employees.
Tech.eu
12. Juli 2024 um 14:54

AMD acquires Silo AI, SoftBank acquires Graphcore, and €450M for defencetech Helsing

Technology
Economy
Finance
Politics
This article covers major tech funding deals, acquisitions, and news in Europe over the past week. Key highlights include AMD acquiring Silo AI, SoftBank acquiring Graphcore, and Helsing raising €450M for its AI defense technology. The article also provides an overview of notable funding rounds, mergers and acquisitions, investor activities, and other important news across the European tech landscape.
TechCrunch
12. Juli 2024 um 19:05

Defending Russia’s EU neighbors

Politics
Economy
Technology
Helsing, a defense startup that uses AI to improve battlefield decisions, has raised €450 million ($487 million) to protect the Baltic states from Russia. Some U.S. venture funds with defense tech strategies are also arming themselves with new types of investors, including veterans and ex-Department of Defense officials. The article also discusses other startups in the areas of AI, mental health, immigration, and international payments.
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