Military AI startup Helsing has raised a whopping €450mn at a reported valuation of €5bn. The German company said the war chest will fund security for NATO’s Eastern Flank. Founded in 2021, Helsing has rapidly grown into one of Europe’s defence tech leaders. It’s now also among the continent’s most valuable AI startups. This rapid rise has coincided with increasing alarm about Russia’s threat to Europe. Since the full-scale invasion of Ukraine began in 2022, defence budgets have soared across the region. Helsing has provided an intriguing target for the funds. The company develops AI software for weapons, vehicles, and military strategy.…
Read Entire Article
