Valuation
€12B
+140% from €5B Jul 2024
Total Raised
~€1.4B
Across 4 priced rounds
Employees
~900
From ~700 in mid-2025
Pending Round
$1.2B / $18B reported
Dragoneer-led; not closed
Funding History
Total raised: ~€1.4B · Latest valuation: €12B
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Series A | Nov 2021 | €102M | — | Prima Materia (Daniel Ek)Lightspeed |
| Series B | Sep 2023 | €209M | €1.7B | General Catalyst (lead)Saab (5% strategic stake, €75M) |
| Series C | Jul 2024 | €450M | €5B | General Catalyst (lead)AccelSaabLightspeed+3 more |
| Series D | Jun 2025 | €600M | €12B | Prima Materia (lead)LightspeedAccelPlural+3 more |
Product Specifications
| System | Type | Status |
|---|---|---|
| Altra | Recce-strike command software | Production |
| Cirra | AI electronic warfare for Eurofighter EK | Production (Bundeswehr) |
| Centaur | AI fighter pilot agent | Demonstrated on Gripen E (2025) |
| HF-1 | GPS-independent loitering munition | Production (Ukraine) |
| HX-2 | AI quadcopter strike drone (~100 km) | Production (Ukraine; battlefield reliability concerns reported) |
| CA-1 Europa | Autonomous UCAV (3-5 ton) | Development (first flight 2027) |
| SG-1 Fathom | Autonomous underwater vehicle | Development |
Partnerships & Investors
Bundeswehr (Germany)Customer
Eurofighter EK / Cirra; FCAS AI infrastructure; HX-2 procurement
SaabStrategic + Investor
5% stake; Gripen E AI integration; Project Beyond / Centaur
AirbusStrategic
Wingman AI; FCAS infrastructure
Ukraine Armed ForcesCustomer
HF-1 (4,000) + HX-2 (6,000) loitering munitions
Mistral AIStrategic
Defense AI model collaboration (Feb 2025)
Key Milestones
2021
Company Founded
Gundbert Scherf, Torsten Reil, Niklas Köhler launch Helsing in Munich
Sep 2023
Saab Strategic Stake
Saab acquires 5% (€75M) and signs strategic cooperation agreement
2024
Eurofighter EK / Cirra
AI EW software selected for Bundeswehr Eurofighter EK variant
2024
HX-2 + HF-1 to Ukraine
Initial HF-1 (4,000 units) and HX-2 strike-drone deliveries to Ukraine
Nov 2024
Project Beyond with Saab
AI-Gripen-E joint program announced at IFC Berlin
Feb 2025
HX-2 Order: 6,000 Units
Helsing announces 6,000 additional HX-2 strike drones for Ukraine
May-Jun 2025
Centaur AI Dogfight
First publicly known AI flight of operational fighter (Gripen E vs Gripen D BVR)
Jun 2025
Grob Aircraft Acquired
Acquires composite-aircraft maker; foundation for autonomous UCAV
Jun 2025
Series D at €12B
€600M Series D led by Prima Materia (Daniel Ek)
Sep 2025
CA-1 Europa Unveiled
Autonomous UCAV revealed; first flight targeted 2027, IOC 2029
May 2026
$1.2B Round Reported
Dragoneer + Lightspeed reportedly leading $18B-valuation round (FT) — not yet closed