Helsing

Artificial-intelligence software and AI-enabled platforms for the armed forces of European and partner nations. Its work includes AI-based electronic warfare for the Eurofighter, the AI backbone for the Future Combat Air System programme and uncrewed systems such as drones.

Defense & spaceDefence AI software and autonomous systemsMunich, Germany
FoundersSince 2021
Valuation
$18B
Total raised
$3.3B
Last round · Jul 2026
Series E
Founded
2021
Employees
900
Quarters in VP50
5

Valuation

$100M$1B$10B20222023202420252026$18B
Helsing priced rounds
RoundDatePost-money valuationRaisedLed by
Series ANov 9, 2021$464M$119MUnknown
Series DJun 17, 2025$14B$692MPrima Materia
Series EJul 13, 2026$18B$1.8BDragoneer Investment Group and Lightspeed Venture Partners
Post-money valuation at each priced round. Log scale.Hover a point for the round

Updated

In VP50

  1. Q4 2023: no place
  2. Q1 2024: no place
  3. Q2 2024: no place
  4. Q3 2024: no place
  5. Q4 2024: no place
  6. Q1 2025: no place
  7. Q2 2025: #38
  8. Q3 2025: #38
  9. Q4 2025: #41
  10. Q1 2026: #45
  11. Q2 2026: no place
  12. Q3 2026: #49
  13. Q4 2026: no place

Place by quarter since Q4 2023. Best place #38, held for two quarters in a row.

Funding rounds

DateRound · leadRaisedValuation
Jun 17, 2025Series D · Prima Materia$692M$14B
Jul 11, 2024Series C · General Catalyst$489M—
Sep 14, 2023Series B · General Catalyst$223M—
Nov 9, 2021Series A$119M$464M
2021Seed$10M—

Team

Helsing | Venture Place