What Happened
European Defense Startup Secures Funding Amid Growing Demand
European defense startup Helsing has raised $1.8 billion in a funding round, valuing the company at $18 billion. The German firm, which makes drones and underwater surveillance weapons, as well as artificial intelligence and autonomous software, has positioned itself as a European champion in defense. The latest funding round will accelerate Helsing’s mission to develop and integrate new AI platforms into the defense capabilities of its partner nations. This development was first reported by CNBC.