(Reuters) – Helsing, a German AI start-up active in the defence sector, aims to raise almost $500 million from Silicon Valley investors including Accel and Lightspeed Venture Partners, the Financial Times reported on Thursday. The financing round would result in a valuation of around $4.5 billion, according to the report. That would be a tripling […]
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German defence start-up Helsing could be valued at $4.5 billion, reports FT
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(Reuters) – Helsing, a German AI start-up active in the defence sector, aims to raise almost $500 million from Silicon Valley investors including Accel and Lightspeed Venture Partners, the Financial Times reported on Thursday.
The financing round would result in a valuation of around $4.5 billion, according to the report. That would be a tripling of the company’s valuation in less than a year, added the FT.
A Helsing spokesperson declined to comment to Reuters.
According to the FT, Accel did not immediately return a request for comment while Lightspeed declined to comment.
The Munich-based company was recently chosen by the German defence ministry to implement artificial intelligence tools in the country’s Eurofighter jets.
The company is the latest to benefit from a ramp-up in defence investment amid rising geopolitical tensions in the region.
(Reporting by Paolo Laudani, Ludwig Burger and Myria Mildenberger; Editing by Miranda Murray)