Helsing raises $1.2B at $18B valuation

Daniel Ek-backed defense tech startup Helsing is reportedly nearing a significant funding round, aiming to secure $1.2 billion at an $18 billion valuation. This new investment, expected to be led by Dragoneer and co-led by Lightspeed, represents a substantial increase from its previous funding round. The company's valuation has grown considerably since its last investment, highlighting investor confidence in the European military drone sector. Amidst geopolitical tensions, autonomous defense technology has become a key area for venture capital investment, with Helsing emerging as a highly valued player in this space.