Munich Defense Startup Helsing Raises $1.2 Billion, Becoming Most Valuable German Startup Ever
Helsing, a Munich-based defense startup founded in 2021, is reportedly raising 1.2 billion US dollars, which would value the company at 18 billion dollars. This would make it the most valuable German startup, surpassing previous record holders Trade Republic and Celonis. The company develops AI-powered autonomous combat drones, with the HX-2 model already in operation. The funding round is led by US investors Dragoneer and Lightspeed Venture Partners.