The €600 million fundraising round announced by Helsing on June 17, 2025, marks a pivotal moment in the evolution of Europe’s defence technology landscape. As geopolitical tensions intensify and European governments expand their defence budgets, investors are increasingly directing capital toward companies that promise to redefine the operational and strategic dimensions of military power through artificial intelligence and autonomous systems. Helsing, a Munich-based start-up founded in 2021, exemplifies this shift. Originally focused on advanced AI software for battlefield data fusion and decision support, the company has rapidly evolved into a vertically integrated defence platform developer, with ambitions spanning land, air, and maritime domains. Backed by high-profile institutional investors and industrial partners such as Prima Materia, Lightspeed, General Catalyst, and Saab, Helsing’s latest funding round raises its valuation to an estimated €12 billion, placing it among Europe’s most valuable private tech firms. This report examines the strategic significance of Helsing’s growth trajectory, its investor composition, and the broader implications for the emerging European defence innovation ecosystem.
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