US EditionSpotify’s Daniel Ek leads €600mn investment in defence start-up Helsing
- On Tuesday, Helsing, a German defence technology company, secured €600 million in a Series D funding round led by Spotify co-founder Daniel Ek.
- This funding follows Helsing’s 450 million euro Series C round last year and reflects Europe's push for technological sovereignty amid rising geopolitical tensions.
- Helsing specializes in AI software analyzing battlefield data and is expanding to produce drones, aircraft, and submarines across Europe with backing from investors like Lightspeed, Accel, Plural, General Catalyst, SAAB, BDT, and MSD Partners.
- The latest round raised Helsing’s valuation to $12 billion, with Prima Materia doubling its investment and Ek stating an urgent need for advanced technologies to ensure Europe’s strategic autonomy and security readiness.
- This investment aims to accelerate Helsing’s all-domain defence innovation and reinforce Europe’s capability to respond to evolving global conflicts like the Ukraine war and Israel-Gaza crisis.
25 Articles
25 Articles
Spotify Deserves the Hate. But Don’t Forget the Major Labels.
Spotify’s excesses — ghost artists, boring mood playlists, and AI — don’t indicate some evil inherent to streaming. They stem from the major labels’ effective oligarchy over the music industry. Daniel Ek, CEO and cofounder of Spotify, speaking during a news conference in Tokyo, Japan, on September 29, 2016. (Akio Kon / Bloomberg via Getty Images) It was all the fault of Scandinavian social democracy. At the beginning of the twenty-first century…
The German AI and armaments startup Helsing has collected 600 million euros from donors.
Munich startup collects 600 million euros and promises ethics at Killen. Spotify founders also invest in the war business.
The states of Europe want to strengthen their armed forces and spend enormous sums on weapons. One of the profiteers is the Munich start-up Helsing. Investors are in line.
The Munich company is now one of the highest-value startups in Europe. It combines drones and IA and its boom in recent years reflects the need of the continent ...
Coverage Details
Bias Distribution
- 45% of the sources are Center
To view factuality data please Upgrade to Premium
