Helsing, the AI-powered defence technology company, has raised a new financing round at a valuation of $18 billion, cementing its position as Europe’s largest defence startup and underlining the extraordinary pace of investment flowing into the continent’s emerging defence technology sector. Founded in 2021, Helsing began by developing AI software for weapons systems before expanding into the production of drones, maritime vessels, and other defence machinery. The company now competes directly with established prime contractors for government contracts across Europe, representing a significant shift in how defence capability is being developed and procured. A Wave of European Defence Investment Helsing’s…
