All articles tagged with #helsing
German defense startup Helsing raised $1.8 billion at an $18 billion valuation from new and existing investors, including JPMorgan Chase, Lightspeed Venture Partners, and Iconiq. The funding underscores Europe’s growing role in AI-driven defense and supports Helsing’s HX-2 drones and other autonomous systems, which are being used by the Ukrainian army.
Several acclaimed artists, including experimental rock group Xiu Xiu, are leaving Spotify to protest the company's CEO's investments in military AI technology through Helsing, highlighting a growing conflict between artists' values and corporate investments.
A growing number of indie artists are leaving Spotify in protest of CEO Daniel Ek's ties to the defense company Helsing, citing ethical concerns over military tech investments and AI weaponry, with notable bands like King Gizzard and Deerhoof leading the exodus to advocate for ethical practices in the music industry.
Munich-based AI startup Helsing is raising at least $400 million in a Series C funding round led by General Catalyst, valuing the company at around $4 billion. This makes Helsing one of the most valuable defense tech startups globally. The company, which focuses on AI software for military applications, has secured contracts with European militaries and aims to enhance national security interests amid global tensions.