AI warfare push makes Helsing one of Europe’s 5 most valuable tech firms
Munich-based defence tech startup Helsing has raised €600mn as geopolitical tensions trigger a flood of capital into AI warfare. The large investment was led by Spotify CEO Daniel Ek’s VC firm Prima Materia. It brings the company’s total raised to north of €1.3bn, building on a €450mn funding round in July last year. Helsing didn’t disclose its updated valuation. However, according to the Financial Times, the unicorn company is now worth €12bn, making it one of Europe’s five most valuable private tech companies. Prima Materia was one of Helsing’s earliest backers — a move that sparked boycotts among artists on…This story continues at The Next Web [...]
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Helsing raises $1.8bn at an $18bn valuation, and its cap table tells a story
Munich’s Helsing has raised $1.8bn at an $18bn valuation, making it Europe’s largest defence startup. The round is a bet on sovereign AI. A lot of the money paying for it is American. Europe’s b [...]
Europe boosts military AI as Mistral and Helsing form defence tech alliance
European tech leaders Helsing and Mistral have formed a pact to build new military AI systems. The partnership brings together two of Europe’s top startups. Helsing, a defence tech firm based in Ger [...]
Boeing upgrades the Ghost Bat with internal weapons and longer range as it competes with Helsing for German drone orders
Boeing unveiled an upgraded version of its MQ-28 Ghost Bat uncrewed combat aircraft at the ILA Berlin air show on Wednesday, adding an internal weapons bay, a 25% larger wing, and 2,000 pounds of addi [...]
Marble enters the race to bring AI to tax work, armed with $9 million and a free research tool
Marble, a startup building artificial intelligence agents for tax professionals, has raised $9 million in seed funding as the accounting industry grapples with a deepening labor shortage and mounting [...]
Ascentra Labs raises $2 million to help consultants use AI instead of all-night Excel marathons
While artificial intelligence has stormed into law firms and accounting practices with billion-dollar startups like Harvey leading the charge, the global consulting industry—a $250 billion behemothâ [...]