AI startup Helsing raises $223 million in Series B funding for defense solutions

Artificial intelligence defense company Helsing secures $223 million in funding to advance AI technology for the safeguarding of democratic nations, with the support of General Catalyst and strategic investor Saab.

cointelegraph.com

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8/31/2023

Will the power of data in the AI era leave startups at a disadvantage?

AI has garnered immense investment from venture capitalists, with over $40 billion poured into AI startups in the first half of 2023, raising concerns about who will benefit financially from its potential impact.

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Helsing Becomes Largest European AI Company With $223M Funding Led by General Catalyst

Helsing, a defence AI startup, has raised €209 million in a Series B funding round led by General Catalyst, potentially making it the largest European AI company and defence tech unicorn, with support from Saab as a strategic investor.

9/19/2023

HiddenLayer Raises $50M to Expand ML Model Security Platform

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9/20/2023

Israeli Cybersecurity Startup Legit Security Raises $40M to Protect Apps from AI Security Risks

Israeli cybersecurity startup Legit Security has raised $40 million in a Series B funding round led by US venture capital firm CRV to help businesses protect their AI-based applications from cyberthreats and security breaches. The funds will be used to boost sales, R&D, and address the emerging threat posed by AI and large language models in application development.

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NSA Launches AI Security Center to Counter Threats from China and Russia

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9/28/2023

AlphaSense Raises $150M at $2.5B Valuation; OpenAI in Talks for $1B+ AI Venture with Jony Ive and SoftBank; Enflame Nabs $274M for AI Chips

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10/4/2023

AI Startups See Massive Valuation Spikes as Corporate Interest Rises

AI startup Anthropic is reportedly in talks with investors, including Google, to raise an additional $2 billion in funding at a valuation between $20 billion and $30 billion, just weeks after securing a $4 billion investment from Amazon. Meanwhile, rival OpenAI is said to be considering selling shares at a staggering $90 billion valuation, a significant surge from its valuation of $29 billion just a few months ago. Other AI startups, such as Character.AI and Prins AI, are also seeking significant valuation jumps in their funding rounds.