Summary:
Helsing raises €600M in a funding round led by Spotify founder Daniel Ek, valuing the company at $12 billion
Investment firm Prima Materia, co-founded by Ek, doubles its stake in the defense startup
Helsing specializes in AI defense software and is venturing into drone, aircraft, and submarine production
The startup benefits from increased global defense spending amid rising geopolitical tensions
German defense startup Helsing has secured a massive €600 million ($693.30 million) in its latest funding round, spearheaded by Spotify founder Daniel Ek. This investment skyrockets Helsing's valuation to an impressive $12 billion, placing it among Europe's top five private tech companies.
Key Investors and Strategic Moves
The funding round was led by Prima Materia, an investment firm co-founded by Ek and Spotify investor Shakil Khan, which notably doubled its stake in Helsing. Other notable investors include Lightspeed Ventures, Accel, Plural, General Catalyst, and SAAB.
Helsing's Vision and Market Position
Based in Munich, Helsing specializes in AI-driven defense software and is expanding into manufacturing its own drones, aircraft, and submarines. The startup is poised to capitalize on the global surge in defense spending, driven by escalating geopolitical tensions.
Caption: A message reading "AI artificial intelligence," a keyboard and robot hands are seen in this illustration created on January 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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