Helsing Raises $1.8 Billion in Series E, Valuation Climbs to $18 Billion
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German defence technology company Helsing, led by co-CEOs and co-founders Dr. Gundbert Scherf and Torsten Reil, alongside president and co-founder Niklas Köhler, has raised $1.8 billion in a Series E funding round, lifting its valuation to $18 billion. The company announced the financing on Monday, saying the round attracted more investor interest than the available allocation. Helsing linked that demand to growing confidence in artificial intelligence and software-defined defence technology. The Series E drew backing from JPMorgan Chase & Co., Growth Equity at Goldman Sachs Alternatives, Dragoneer Investment Group, Lightspeed Venture Partners, Disruptive, Iconiq, General Catalyst, Plural and Stepstone. Helsing said the new investment would be used to develop and integrate entirely new AI platforms into the defence capabilities of its expanding group of partner nations. The company did not disclose how the capital would be divided among individual projects or provide a timeline for deploying the new platforms. According to Helsing, demand for the fundraising round significantly exceeded the amount of capital the company had made available to investors. The company presented that response as a sign of rising confidence in defence systems built around artificial intelligence and software. Helsing also emphasised that it remains predominantly European-owned, highlighting what...
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