European AI defense developer Helsing announced Thursday that it raised 209 million Euros—around $223 million worth—in Series B funding led by venture capital firm General Catalyst. Swedish airplane and car manufacturer Saab joined as a strategic investor, as well.

Launched in 2021, Helsing focuses on developing AI-enabled military applications and components, including for the upcoming update to the NATO Eurofighter warplane and the Future Combat Air System (FCAS) program.

Helsing also said that it has provided frontline technology in Ukraine on an “ongoing basis” since the Russian invasion began in 2022. In a statement, the company said that it is focused on developing AI technology to “protect our democracies.”

“We founded Helsing because we believe that AI will be essential so that democracies can continue to defend their values,” Helsing co-founder Gundbert Scherf said in a statement. “Our recent traction shows that this belief is shared by governments and industry.”

Swedish billionaire and Spotify founder Daniel Ek

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Author: Jason Nelson

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