Helsing, a European defense technology company specializing in artificial intelligence, announced that it has raised $1.8 billion in Series E funding at an $18 billion valuation. The financing included participation from new and existing investors, including Dragoneer Investment Group, Lightspeed Venture Partners, Disruptive, ICONIQ, Growth Equity at Goldman Sachs Alternatives, JPMorganChase, CPP Investments, General Catalyst, Plural, and StepStone Group.
According to Helsing, investor demand significantly exceeded the amount of capital available in the round. The strong demand reflects growing investor interest in AI-powered and software-defined defense technologies as governments increase spending on military modernization, autonomous systems, and advanced battlefield software.
The company said it remains predominantly European-owned, reinforcing its long-term commitment to strengthening Europe’s defense technology ecosystem and sovereign industrial capabilities. Helsing works with governments and defense organizations to integrate artificial intelligence into military platforms and operational systems.
The new capital will accelerate Helsing’s development and deployment of entirely new AI platforms across the defense capabilities of its expanding group of partner nations. The company is focused on combining advanced software, artificial intelligence, and autonomous technologies with existing and next-generation military hardware.
Helsing’s technology is designed to process large quantities of battlefield data, improve situational awareness, and help military personnel make faster and more informed operational decisions. The company is also developing software-defined capabilities that can be continuously updated as defense requirements and operating environments evolve.
The company’s board will remain unchanged following the financing. Daniel Ek and Tom Enders will continue serving as co-chairmen, alongside board members Jeannette zu Fürstenberg and Denis Mercier and Helsing’s founders.
Helsing’s existing investor base also includes Prima Materia, Accel, and Greenoaks. The Series E further strengthens the company’s financial position as it expands its technology portfolio, increases production capabilities, and deepens partnerships with allied governments.
