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

Helsing, an AI startup focused on defense, raised a $223M Series B round led by General Catalyst.
The round values Helsing at over €1.7 billion, making it likely the largest European AI company.
Helsing works closely with European governments, including winning contracts in Germany and for the Future Combat Air System program.
The round included Swedish defense company Saab becoming a strategic investor.
Helsing co-founder Torsten Reil said the funding shows confidence in Europe's ability to build leading AI companies.

techcrunch.com

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