🏆 Deal of the Week · CW 29/2026
Helsing raised USD 1.8 billion in a Series E financing round, valuing the company at USD 18 billion post-money. The round is one of the largest private financing rounds ever completed by a European defence technology company and further strengthens Helsing’s position as one of Europe’s highest-valued AI companies.
Helsing — key deal facts
| Company | Helsing (Helsing GmbH) |
|---|---|
| Founded | 2021 |
| Headquarters | Munich, Germany |
| Amount raised | USD 1.8b |
| Valuation | USD 18b (post-money) |
| Round | Series E |
| Investors | Dragoneer Investment Group, Lightspeed Venture Partners, Disruptive, Iconiq, Growth Equity at Goldman Sachs Alternatives, JPMorganChase, CPP Investments, General Catalyst, Plural, and StepStone |
| Sectors | Defence Tech, Artificial Intelligence, Drones, Data & Analytics |
Who invested in Helsing?
The Series E round brought together a consortium of leading global growth investors, including Dragoneer Investment Group, Lightspeed Venture Partners, Disruptive, Iconiq, Growth Equity at Goldman Sachs Alternatives, JPMorganChase, CPP Investments, General Catalyst, Plural, and StepStone.
The investor syndicate combines some of the world’s most prominent venture capital firms, growth equity investors, institutional asset managers, and strategic long-term capital providers. The financing underscores growing investor confidence in Europe’s defence technology sector and reflects increasing demand for AI-enabled defence capabilities amid heightened geopolitical tensions. The new capital is expected to support Helsing’s continued expansion across software, autonomous systems, manufacturing capacity, and international markets.
What does Helsing do?
Founded in 2021 and headquartered in Munich, Germany, Helsing develops artificial intelligence software and autonomous systems for defence and national security applications. The company builds AI-powered software that integrates data from multiple sensors to provide real-time battlefield intelligence and decision support for armed forces.
In recent years, Helsing has expanded beyond software into autonomous defence systems, including aerial drones, underwater platforms, and other AI-enabled capabilities designed for modern military operations. The company works closely with several European governments and defence organisations and has become one of Europe’s fastest-growing defence technology companies, positioning itself at the forefront of sovereign AI and next-generation defence infrastructure.
Helsing valuation & multiples
Helsing operates at the intersection of Defence Technology, Artificial Intelligence, Drones, and Data & Analytics, developing AI software and autonomous systems for military and national security applications across Europe.
At its current Series E stage, DealMatrix benchmarks for Q1 2026 indicate EV/Sales multiples of 1.82x–3.58x and EV/EBITDA multiples of 9.31x–14.78x for comparable Artificial Intelligence, Drones, and Data & Analytics companies.
Investors seeking deeper context on how these benchmarks are derived can explore the Venionaire DealMatrix Multiples Platform for the Artificial Intelligence, Drones, Defence Technology, and Data & Analytics sectors.
Explore the benchmarks: Series E Artificial Intelligence, Drones & Data & Analytics.
Frequently asked questions
How much did Helsing raise in its Series E?
Helsing raised USD 1.8 billion in its Series E financing round.
What is Helsing’s valuation?
Helsing was valued at USD 18 billion post-money following its Series E round, making it one of Europe’s most valuable privately held defence technology companies.
Who invested in Helsing?
The Series E included Dragoneer Investment Group, Lightspeed Venture Partners, Disruptive, Iconiq, Growth Equity at Goldman Sachs Alternatives, JPMorganChase, CPP Investments, General Catalyst, Plural, and StepStone.
When was Helsing founded and where is it based?
Helsing was founded in 2021 and is headquartered in Munich, Germany.
Source: Helsing announcement — Helsing Raises $1.8B, Hits $18B Valuation.