Overview
- Helsing announced on Monday that it completed a heavily oversubscribed $1.8 billion financing round that the company says sets its valuation at $18 billion.
- Reported new investors include CPP Investments, JP Morgan Chase and Goldman Sachs Alternatives while Helsing says majority ownership remains European.
- The company says the funds will be used mainly to scale AI platforms that control unmanned aircraft and other robotic systems, reflecting its self-described role as a software-first “Neo Prime.”
- Helsing already supplies kamikaze drones to Ukraine, began producing underwater reconnaissance drones in 2025 and is developing an unmanned combat jet after acquiring Grob Aircraft.
- The deal underlines strong private investor appetite for fast-growing European defense tech even as public defense stocks cool, and reporting differences over Helsing’s headcount highlight gaps in its public disclosures.