Summary:
Defense AI technology developer Helsing has raised €209 million ($223 million) in a Series B funding round led by General Catalyst and joined by Saab. The Swedish startup aims to expand its AI offerings for military applications across Europe and protect democracies through advanced software capabilities.
Introduction:
Helsing, a defense technology company, has secured €209 million ($223 million) in a Series B funding round. The funding was led by General Catalyst and supported by Saab. The company plans to utilize the capital to enhance its AI solutions for military applications across Europe, with the goal of safeguarding democracies through advanced software capabilities.
Main Points:
– Helsing provides defense technology clients with AI-powered software for electronic warfare, cybersecurity, and intelligence analytics. Its software-centric approach has streamlined customer acquisition.
– The startup recently secured a major deal with the German Air Force to develop AI electronic warfare upgrades for its Eurofighter jets. It also won a contract to supply AI capabilities for the Future Combat Air System program, which is supported by France, Germany, and Spain.
– Helsing aims to develop AI systems that are ethical, transparent, and accountable. The company emphasizes the importance of human oversight over AI systems and is committed to developing AI technology responsibly.
– The funding round, which follows a successful Series A round last year, will enable Helsing to expand its team and invest further in AI. The company plans to hire additional staff in its offices in Berlin, Paris, and London.
Conclusion:
Helsing, a defense AI technology developer, has raised €209 million ($223 million) in a Series B funding round led by General Catalyst and joined by Saab. The funding will support the expansion of Helsing’s AI offerings for military applications across Europe. The company aims to protect democracies through advanced software capabilities and emphasizes the importance of developing AI ethically and responsibly. With the funding, Helsing plans to expand its team and invest further in AI technology.