Helsing, the leading European defence technology company, today announced its €600 million Series D funding round. The round was led by Prima Materia, alongside existing investors Lightspeed Ventures, Accel, Plural, General Catalyst and SAAB and new investors BDT & MSD Partners.
“As Europe rapidly strengthens its defence capabilities in response to evolving geopolitical challenges, there is an urgent need for investments in advanced technologies that ensure its strategic autonomy and security readiness,” said Daniel Ek, Founder, Prima Materia, and Chairman, Helsing. “Helsing is uniquely positioned with its AI leadership to deliver these critical capabilities in all-domain defence innovation. By doubling down on our investment, Prima Materia reaffirms its commitment to empowering Europe’s technological sovereignty—an ambition Helsing perfectly embodies.”
Today’s announcement follows Helsing’s Series C funding of €450m in July 2024, involving General Catalyst, Elad Gil, Accel, Saab, Lightspeed Ventures, Plural and Greenoaks.
Helsing is a pioneering European defense technology company that specializes in developing advanced artificial intelligence and software solutions to enhance military capabilities for democratic nations. Founded in 2021, Helsing’s core mission is to provide cutting-edge AI that processes vast amounts of sensor and weapons system data in real-time, enabling superior battlefield awareness and decision-making. Beyond its software, Helsing has also moved into hardware, designing and manufacturing its own AI-powered drones like the HX-2 for reconnaissance and strike missions, and autonomous underwater vehicles, all while emphasizing ethical considerations and selling exclusively to democracies.
