European Defense AI Startup Helsing Raises $1.8 Billion at $18 Billion Valuation

CNBC — Technology—Helsing, a European artificial intelligence defense company often compared to America's Anduril, raised $1.8 billion in a new funding round that valued the company at $18 billion. The raise cements Helsing's position as one of Europe's most valuable defense technology startups at a time when the continent is rapidly increasing military spending. The company develops AI systems for military applications including targeting, surveillance, and electronic warfare.

• CNBC — Technology — Described as Europe's answer to Anduril, Helsing develops AI systems for military targeting and surveillance
• Reuters — The $1.8B raise valued Helsing at $18B, making it one of Europe's largest private defense tech companies