“Investor demand significantly exceeded the available allocation, reflecting strong and growing confidence in AI-driven and software-defined defence technology,” Helsing said in a press release.
Helsing presents itself as a combined hardware and software platform for defense customers. Its work spans physical systems, such as drones and underwater surveillance weapons, as well as the AI and autonomous software used to operate them.
The company has also leaned into its position as a European defense technology supplier. Its HX-2 drones are among the systems being provided to Ukraine’s army, and Helsing has benefited from Europe’s push to develop more sovereign capabilities across technology and defense.
“The company remains predominantly European-owned, underscoring its deep roots in Europe,” Helsing said.
The funding gives Helsing more capital to expand its defense AI ambitions at a time when private investors are backing a new generation of military technology startups. In the U.S., Anduril raised $5 billion at a $61 billion valuation in May, while Shield AI and autonomous shipmaker Saronic are among other companies that have recently attracted funding.
Helsing said the new capital will “accelerate Helsing’s mission to develop and integrate entirely new AI platforms into the defense capabilities of its growing number of partner nations.”
This analysis is based on reporting from CNBC.
Image courtesy of Helsing.
This article was generated with AI assistance and reviewed for accuracy and quality.
