News

July 11, 2024

German AI defence startup Helsing raises €450m as defence tech heats up with VCs

The three-year-old company, which develops AI software for use on the battlefield, says the round is subject to government approval

Anne Sraders and Amy Lewin

3 min read

German AI defence startup Helsing has raised €450m in Series C funding led by General Catalyst. The round values the company at €4.95bn, Bloomberg reported. Other investors participating are Elad Gil, Accel, Saab, Lightspeed, Plural and Greenoaks.

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Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the VC industry and deeptech startups. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

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