Plural participates in Helsing's €600m Series D funding round
Helsing, the leading European defense technology company, has announced its €600M Series D funding round. The round was led by Prima Materia, alongside existing investors Plural, Lightspeed Ventures, Accel, General Catalyst, and SAAB, and new investors BDT & MSD Partners. The funding will be used to accelerate Helsing's leadership in all-domain defense innovation.
Founded in 2021, Helsing develops AI-based capabilities to protect our democracies. The company has been active in Ukraine since 2022, providing capabilities and technology for frontline operations, with personnel deployed on an ongoing basis. A software-only approach and deep partnerships with industry have led to rapid market adoption, making Helsing one of the highest-valued startups in Europe.
Khaled Helioui, partner at Plural, comments: "Having backed the team since inception, we have been consistently taken aback by the leadership of its founders, practicing day in and day out what they preach even in extreme conditions and circumstances; the uncompromising bar held on talent recruited and retained, notwithstanding absurd expectations in execution and delivery; and finally the expanding velocity and excellence of its operational cadence releasing standard-setting products every other quarter. Helsing is not just demonstrating the emergence of a new category leader from Europe. It is setting the new standards of what an industry-defining company looks like."
"As Europe rapidly strengthens its defense capabilities in response to evolving geopolitical challenges, there is an urgent need for investments in advanced technologies that ensure its strategic autonomy and security readiness," said Daniel Ek, Founder of Prima Materia and Chairman of Helsing. "Helsing is uniquely positioned with its AI leadership to deliver these critical capabilities in all-domain defense innovation. By doubling down on our investment, Prima Materia reaffirms its commitment to empowering Europe's technological sovereignty—an ambition Helsing perfectly embodies."
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