Official financial reports or press releases from Helsing

Helsing Raises €450M in Series C Funding, Valued at €5 Billion

Jul 11, 2024, 12:25 PM

Helsing, a European AI company specializing in defense, has raised €450 million in a Series C funding round led by General Catalyst. The funding round also saw participation from new investors such as Accel, Lightspeed Venture Partners, and Plural Platform. This latest investment brings Helsing's total funding to €769 million and values the company at approximately €5 billion. The company aims to expand its operations along NATO's eastern flank, bolstering defense capabilities in the region. General Catalyst expressed strong conviction in Helsing's leadership team, including Torsten Reil, Gundbert Scherf, and Niklas. Helsing's AI tools are designed to protect democracies and contribute to a European RenAIssance. Notably, the valuation of the company is around €4.95 billion, and the funding amount is also reported as $490 million, aimed at protecting NATO countries near Russia.