7stories.uk
Helsing's 12B Valuation and Expansion into Defense Tech
NewJune 18, 202503:17

Helsing's 12B Valuation and Expansion into Defense Tech

0:003:17
Speed:

In this episode, Alice and Lewis discuss the latest news in the tech and defense sectors: Helsing, a European startup, has just raised 600 million euros in a funding round led by Spotify founder Daniel Ek's investment company, Prima Materia. This brings Helsing's valuation to 12 billion euros, making it one of Europe's most valuable startups. The company is expanding from AI software into producing drones, aircraft, and even submarines. Alice and Lewis delve into Helsing's impressive growth, its contracts with Ukraine, the UK, Germany, and Sweden, and its recent autonomous air combat system test. They also explore the implications of the current geopolitical climate on defense investment and the role of AI and autonomous systems in modern warfare.