Helsing, a Munich-based company that develops artificial intelligence solutions for the defense sector, announced today that it has raised $223 million in a Series B funding round led by General Catalyst, a US-based venture capital firm. The round also saw participation from Saab, a Swedish aerospace and defense company.
The startup, which was founded in 2019, said it will use the new funds to expand its operations in Germany, France, and the UK, and invest in core technologies that enhance military capabilities. Helsing partners with governments and hardware manufacturers to deploy AI-powered software for various defense applications, such as electronic warfare, air combat, and frontline operations.
Helsing also conducts its own research and technology development, applying the speed of software development cycles to mission challenges in defense. The company said its mission is to protect democracies and that it places a special responsibility on the ethical consideration of new technologies, especially artificial intelligence.
Helsing has recently secured several contracts and partnerships in the defense sector. It was selected by the German government to provide AI-enabled electronic warfare technologies for future Eurofighter jet upgrades. It also won a contract for AI support for the Future Combat Air System (FCAS) program, a joint initiative by France, Germany, and Spain to develop a next-generation fighter aircraft. Additionally, Helsing has been operating in Ukraine since 2022, providing capabilities and technology for frontline operations.