Helsing, a Munich-based defence tech startup, has secured €600mn in funding, driven by increased interest in AI-driven military solutions due to geopolitical tensions, particularly the war in Ukraine. Led by Spotify CEO Daniel Ek's venture capital firm, Prima Materia, this funding brings Helsing's total capital to over €1.3bn, with a valuation nearing €12bn. The company has created autonomous drones and reconnaissance submarines, reflecting a significant shift in European military spending and investment in defence technology. This surge is part of a broader trend of over 500% increase in investment in European defence tech startups between 2021 and 2024.
Helsing is riding a defence investment boom as war in Ukraine and rising security concerns push European governments to double down on military spending and explore AI technologies for warfare.
By doubling down on our investment, Prima Materia reaffirms its commitment to empowering Europe's technological sovereignty - an ambition Helsing perfectly embodies.
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