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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 + Lightspeed led; not closed
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 |
| 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 |
Eurofighter EK / Cirra; FCAS AI infrastructure; HX-2 procurement
5% stake; Gripen E AI integration; Project Beyond / Centaur
Wingman AI; FCAS infrastructure
HF-1 (4,000) + HX-2 (6,000) loitering munitions
Defense AI model collaboration (Feb 2025)
Gundbert Scherf, Torsten Reil, Niklas Köhler launch Helsing in Munich
Saab acquires 5% (€75M) and signs strategic cooperation agreement
AI EW software selected for Bundeswehr Eurofighter EK variant
Initial HF-1 (4,000 units) and HX-2 strike-drone deliveries to Ukraine
AI-Gripen-E joint program announced at IFC Berlin
Helsing announces 6,000 additional HX-2 strike drones for Ukraine
First publicly known AI flight of operational fighter (Gripen E vs Gripen D BVR)
Acquires composite-aircraft maker; foundation for autonomous UCAV
€600M Series D led by Prima Materia (Daniel Ek)
Autonomous UCAV revealed; first flight targeted 2027, IOC 2029
Dragoneer + Lightspeed reportedly leading $18B-valuation round (FT): not yet closed
Founded 2021. European AI defense. Battlefield AI software for Eurofighter + Gripen + FCAS; HX-2 strike drone (deployed Ukraine 2024-2025); HF-1 + HF-2 underwater autonomy. Series D €600M Jul 2025 at €5.4B valuation. Saab partnership for Gripen autonomy + Lürssen for naval. Helsing was founded in 2021, is headquartered in Munich, Germany and employs ~900.
Helsing has raised ~€1.4B in total at a €12B valuation, based on the funding rounds Sterling tracks.
Sterling groups Helsing in the Defense sector, alongside Palantir Technologies (PLTR), Anduril Industries (ANDURIL), Shield AI (SHIELD-AI), Kratos Defense (KTOS), AeroVironment (AVAV) and Saronic Technologies (SARONIC).
If you are researching Helsing, also look at Palantir Technologies (PLTR), Kratos Defense (KTOS) and AeroVironment (AVAV). You can compare all of them side by side or browse the full Defense sector on Sterling.
