E 767 — Unicorn Atlas #1: Helsing — Europe's $18 Billion Defence AI Bet
Summary
Helsing closed a $1.8 billion Series E round at an $18 billion post-money valuation, making it Europe’s largest defence-tech venture raise. The company said it will use the capital to expand AI platform development, grow its manufacturing footprint, and fund the CA-1 Europa unmanned fighter program. The round was led by Dragoneer and co-led by Lightspeed, with several major US and Canadian institutions participating. The article also explains Helsing’s product lineup, its Bundeswehr framework contract, and the company’s growing European defence supplier ecosystem.
Funding
Amount
$111
Total raised
Date
November 1, 2021
Announcement date
Investors
Greenoaks Capital, Accel, Goldman Sachs Asset Management, Lightspeed Venture Partners, Canada Pension Plan Investment Board, StepStone, General Catalyst
Lead investors
Company
helsing.ai
Funded company
AskAI Classifications
Sectors
Public Sector and Non Profit
Defense and Military
Functions
No functions detected
Linked Companies
Helsing
$10M to $25M