Spotify's Daniel Ek is leading a €600 million investment round in Helsing, a German defence technology company specialising in AI-powered drone technology. This investment values Helsing at approximately €5 billion, potentially establishing it as one of Europe's most valuable tech entities. Helsing focuses on developing AI software to enhance weapon systems and improve battlefield decision-making, alongside manufacturing its own drones.
The company's technology is designed to function in environments with compromised communications, such as GPS jamming scenarios. Helsing's AI capabilities are integrated into platforms like the Eurofighter Typhoon EK and Saab JAS 39 Gripen, and the company has secured contracts to build AI infrastructure for the Future Combat Air System. This investment underscores the increasing demand for advanced defence technology and AI-driven solutions within the European market.
Helsing plans to use the funds to further develop its AI capabilities and expand its team. The company is also allocating resources to defence projects in the Baltic region, highlighting its commitment to bolstering security in Eastern Europe. With increasing defence spending across Europe, Helsing is well-positioned to capitalise on the growing demand for autonomous systems and AI-enhanced command capabilities.
