Defense Startup Helsing Raises at €5 Billion Valuation to Expand Along NATO’s Eastern Flank
- Company formed in 2021 has now raised nearly €770 million
- Helsing will open entity in Estonia as part of Baltic push
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Helsing, a startup developing artificial intelligence software for defense, has raised €450 million ($487 million) in venture capital funding that it plans to use to expand its presence in European nations bordering Russia.
Formed in 2021, Helsing makes software designed to boost weapons capabilities, such as drones and jet fighters, and improve battlefield decisions. The company, which plans to announce its financing on Thursday, says it’s been active in Ukraine since 2022 and is in talks with countries on NATO’s eastern flank — Baltic and eastern European nations that face growing aggression from Russia.