AI startup Helsing raises €209 million

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venture_investments venture investments investing

Defense-focused AI developer Helsing has closed a €209 million Series B funding round. It was led by venture capital firm General Catalyst, according to a press release.

The Swedish group Saab was the strategic investor.

The startup was founded in 2021 and specializes in creating military solutions and components based on artificial intelligence, including for the upcoming modernization of NATO Eurofighter aircraft and the Future Combat Air System program.

According to the statement, the project focuses on developing modern technologies “to protect democratic countries.”

“We founded Helsing because we believe that AI will be essential to enable democracies to continue to defend their values. Our recent development shows that this belief is shared by governments and industry,” said startup co-founder Gundbert Scherf.

The developer will use the raised funds to develop business in France, Germany and the UK.

Helsing was previously supported by Spotify founder Daniel Ek. His investment company Prima Materia participated in the Series A financing round for $102.5 million euros.

Earlier, another AI startup, Imbue, raised $200 million. It was supported by Astera Institute, Nvidia and others. Investors valued the project at more than $1 billion.

In August, South Korean telecom giant SK Telecom invested $100 million in Anthropic. The parties have entered into a partnership to create a large language model for Telco’s AI platform.

Let us recall that at the beginning of the year the US government issued a declaration on the responsible use of artificial intelligence in the armed forces.

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