What Happened
Europe Sees Largest Ever Defense Tech Startup Round
Germany’s Helsing has raised $1.8 billion in Europe’s largest-ever funding round for a defense-technology startup, valuing the company at $18 billion. The Munich-based firm will use the funding to accelerate its mission to develop and integrate AI platforms into defense capabilities. Helsing’s valuation puts it among Europe’s most valuable defense companies, despite being founded only in 2021. This development was reported by Defense News.