May 29, 2024
AI Startup Helsing Secures $223M in Series B for Defense Solutions

AI Startup Helsing Secures $223M in Series B for Defense Solutions

On Thursday, September 14th, European artificial intelligence (AI) defense company Helsing announced that it had successfully secured $223 million (approximately 209 million euros) in Series B funding, with General Catalyst, a venture capital firm, leading the investment round. Additionally, Swedish aerospace and automotive manufacturer Saab participated as a strategic investor.

Helsing’s primary focus remains on advancing AI technology to bolster the defense capabilities of democratic nations. Co-founder Gundbert Scherf expressed the company’s dedication to this mission, stating:

“We founded Helsing because we believe that AI will be essential so that democracies can continue to defend their values, Our recent traction shows that this belief is shared by governments and industry.”

Helsing, which was founded in 2021, has dedicated itself to the creation of AI-driven military solutions and components, placing a special emphasis on projects such as the forthcoming NATO Eurofighter aircraft enhancement and the Future Combat Air System (FCAS) initiative.

The proliferation of artificial intelligence, especially since the introduction of OpenAI’s ChatGPT in November 2022, has led to a competitive race in the field. Numerous companies are striving to provide governments and armed forces with more efficient and cost-effective AI-driven military technologies. Notable among these companies are Kratos Defense and Shield AI, both headquartered in San Diego.

Artificial intelligence has witnessed unprecedented growth in recent years and has found applications across various industries. The advent of generative AI, in particular, has significantly enhanced the capabilities of natural language processing (NLP) systems. These models excel at tasks such as generating human-like text, performing language translation, answering questions, and even creating creative content.

In a related development, during a press conference on July 13th, Hollywood actors confirmed their decision to go on strike due to concerns about the involvement of AI in representing background performers.

Generative AI, a subset of artificial intelligence, can produce new content, including text, images, or music, based on provided prompts. These tools undergo extensive training on vast amounts of existing data to generate such outputs.

Image by on Freepik

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