Overview

• Helsing secured €600 million in its Series D round with participation from Lightspeed Ventures, Accel and Saab alongside Prima Materia
• The new funding more than doubles the company’s value to €12 billion, elevating it to Europe’s second German decacorn after Celonis
• Helsing’s HX-2 kamikaze drones are operational with the Ukrainian military and undergoing trials by the German Bundeswehr, complemented by new underwater systems and jet-control AI
• A partnership with Saab integrates Helsing’s AI software into the Swedish group’s defense platforms
• Since its 2021 founding, Helsing has raised €1.37 billion in total funding and plans an initial public offering rather than selling the company