Total amount raised
€761.5 Millions
Latest funding date
7/1/2024
Location
Helsing has successfully raised €450 million to protect NATO’s border with Russia and $487 million in a Series C round to support its plans in the Baltic region. The company specializes in AI-powered military solutions, combining data from various sources to create a real-time picture of battlefields.
Keep reading to explore the intricacies of Helsing's fundraising journey and the investors backing this innovative platform.
What Is Helsing?
Founded in 2021, Helsing is an AI defense company based in Berlin, Germany. The company was established by Gundbert Scherf, Niklas Köhler, and Torsten Reil.
Helsing specializes in developing AI-powered military solutions, integrating data from various sources to create a comprehensive real-time battlefield picture. Their mission is to enhance the defense capabilities of democratic societies through advanced technology.
With a team of 251-500 employees, Helsing continues to innovate in the defense sector, providing precision mass and autonomous capabilities to support democratic values.
How Much Funding Has Helsing Raised?
- Series A
- Amount Raised: €102.5M
- Date: November 2021
- Lead Investors: Prima Materia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To initiate the development and scaling of their AI defense technology.
- Series B
- Amount Raised: €209M
- Date: September 2023
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue the development and scaling of their AI defense technology.
- Series C
- Amount Raised: €450M
- Date: July 2024
- Lead Investors: General Catalyst
- Valuation at Round: $5.4B
- Motivation Behind the Round: To invest in R&D and bolster work in the Baltics amidst the ongoing war in Ukraine.
Total Amount Raised: $827M. Current Valuation: $5.4B.
Key Investors
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies across various sectors. They have been closely monitoring Helsing's progress since its inception.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Airbnb, Stripe, Snap.
- Elad Gil
- Details: Elad Gil is an angel investor and entrepreneur known for his investments in technology startups. He has a particular focus on AI and software sectors.
- Investment Focus Areas: Technology startups, AI, software sectors.
- Notable Investments: Airbnb, Pinterest, Square.
- Accel
- Details: Accel is a venture capital firm that invests in early and growth-stage technology companies. They have a strong track record in backing successful tech startups.
- Investment Focus Areas: Early and growth-stage technology companies.
- Notable Investments: Facebook, Dropbox, Slack.
- Saab
- Details: Saab is a Swedish aerospace and defense company that invests in defense and security solutions. They are known for their strategic investments in defense technology.
- Investment Focus Areas: Defense and security solutions.
- Notable Investments: Various defense and aerospace projects.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a global venture capital firm that invests in enterprise, consumer, and health sectors. They have a strong focus on technology and innovation.
- Investment Focus Areas: Enterprise, consumer, health sectors.
- Notable Investments: Snap, Nest, GrubHub.
What's Next for Helsing?
Helsing's future is brimming with opportunities, particularly in expanding its AI capabilities to bolster European defense. With a recent €450 million funding round, the company is poised to enhance its R&D efforts and secure NATO's Eastern Flank. The potential for growth is immense, with plans to scale AI solutions across European armed forces and develop autonomous capabilities for air systems like Project Centaur.
Future fundraising seems promising as the defense tech sector gains traction among investors. Helsing's strategic partnerships and government contracts could attract further investments, enabling the company to scale its operations and innovate continuously. However, challenges such as rapid technological advancements, geopolitical uncertainties, and competition from other defense tech firms may pose hurdles. Navigating these complexities will be crucial for Helsing's sustained success.
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