Spotify’s Daniel Ek just bet bigger on Helsing, Europe’s defense tech darling

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When Daniel is not busy in running a spatifi or its new AI-driven construction Health Technology EnterpriseHe is seemingly betting on the future of the European war.

Billionaire, who initially lives in Stockholm, is only four years old, Munich -based Defense Technology Employee Helsing has led a $ 600 million investment that is now valuable € 12 billionAccording to the Financial Times. This agreement makes it one of Europe’s most valuable personally organized companies; It also highlights Europe’s jerks for Europe’s own military muscles as the World Messia grows and turned into the United States.

The numbers help to tell the story. Helsing raised 50 450 million A year ago just shy; Now, it has returned with the EC’s investment agency Prima Materia led by a larger round. This is part of a broad defense technology boom that is seeing money floods in companies like US giant Anduril, which was just raised $ 2.5 billion Founding funds, and European drone makers led by quantum systems and techover. (In recent weeks, they have announced € 160 million And € 70 millionRespectively, puts both in the rounds in the so -called Unicorn region)

TechCrunch has reached Helsing for more information on how it is planning to use new funds.

What’s the key, Helsing OK, wired last year it feels like turning it into a modern war that looks more Video gameExcept for very practical consequences.

The main product of the company takes a lot of data from military sensors, radar and weapons systems, then using AI to create intuitive, real-time visualization of what is happening on the battlefield. Instead of deciding the life-death of soldiers based on phone calls and hand-drawn maps, everyone is watching the same information from the command center from the frontline trench or miles away.

However, what started as the AI ​​software company has become even more ambitious. Helsing is now building its own strike drone and aircraft and says it is working in a fleet of an unmanned mini submarine to encourage naval surveillance.

Time is not coincidence. As American Investor Eric Slaysinger Tell TechCrunch In this spring, “European governments were waiting a very long way to reconsider the system that the European government refers to their own protection.” The awakened call came up with the Ukraine attack in Russia, which made it clear that Europe alone could not rely on American security. US election by President Donald Trump’s last year – who is much more interested in The progress of American interests – Since then you have put many fine points on things.

Now European leaders are talking about spending big on defense while gaining strategic autonomy, which means their own power to manage their own protection. Greek Prime Minister Kiriakos Mitsotakis recently summarized this movement Separate interview with TechCrunch: “We’re going to spend a lot of money for defense as Europe. The Defense Landscape is changing, which is no longer going to be about the aircraft, tanks – it’s all too digital and AI to be driven.”

A few years ago, that perception was motivation NATO Innovation Fund24 The capital fund of the world’s first multi-sovereign initiatives supported by NATO allies. However, the capital pool is one of the number of signs that have become serious about the creation of its own defense technology ecology instead of relying in the US to protect Europe.

One, who first invested in Helsing Back to 2021Before the outbreak of the Ukraine war, it was probably for a while where the thing was going on. As he said in a press release about Monday’s funds: “In response to the evolving geological challenges, Europe is an urgent need to invest in advanced technology as well as strengthen its defense capacity, which ensures its strategic autonomy.”

Other investors in the new round of Helsing include previous Backers Lightspeed Ventures, Axel, Plural, General Catalist and Sub and New Investors BDT and MSD Partners. The company has now fully collected € 1.37 billion.

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