Defense Startup Helsing Nets €5 Billion Valuation, Plans Eastern Flank Expansion
Helsing, a startup developing artificial intelligence software for defense, has raised €450 million ($487 million) in venture capital funding that it plans to use to expand its presence in European nations bordering Russia.Formed in 2021, Helsing makes software designed to boost weapons capabilities, such as drones and jet fighters, and improve battlefield decisions. The company, which plans to announce its financing on Thursday, says it’s been active in Ukraine since 2022 and is in talks with c...
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