Helsing raises €209M Series B at >€1.7B post-money valuation

Sep 14, 2023 · Funding · Helsing · Defense

Helsing raised EUR209 million in a General Catalyst-led Series B at a reported post-money valuation above EUR1.7 billion.

Helsing raised a EUR209 million Series B led by General Catalyst, with Saab joining as a strategic investor.

Helsing company media
Company media · Helsing
  • Helsing raised €209 million in Series B funding at a reported post-money valuation above €1.7 billion.
  • General Catalyst led the round, while Saab joined as a strategic investor and Prima Materia also participated.
  • Helsing said the capital would grow its French, German and UK businesses and deepen investment in its defence-AI technology.

Defence technology company developing AI-enabled command, sensing and autonomous systems, including software-defined drones, underwater systems and unmanned aircraft programs.