Helsing

Challenger

Europe's leading defense AI company. 12B EUR valuation. HX-2 drones to Ukraine. CA-1 autonomous combat aircraft. 1.37B EUR raised. Founded 2021, Munich.

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Updated April 2026

Company Overview

About Helsing

Helsing is a European defense AI company founded March 2021 by Torsten Reil, Gundbert Scherf (ex-German MoD), and Niklas Kohler, headquartered in Munich with subsidiaries in Estonia, France, and UK. Raised 1.37B EUR including 600M EUR Series D (June 2025, Daniel Ek's Prima Materia) at 12B EUR valuation.

Business Model & Competitive Advantage

Products: HX-2 loitering munition (250 km/h, 100 km range, 5 kg payload), CA-1 Europa autonomous combat aircraft (11m, 4 tonnes, 1,400-1,800 km range, 500 kg weapons). Cirra AI integrates with Eurofighter via Saab partnership. Collaborates with Mistral AI and ARX Robotics.

Competitive Landscape 2025–2026

German Bundeswehr: 269M EUR initial deal (Feb 2026), framework up to 1.46B EUR for HX-2. Delivering hundreds of HX-2 per month to Ukraine. Acquired Grob Aircraft (June 2025) and Blue Ocean (October 2025, naval autonomy).

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Key Differentiators

Strong Challenger

Helsing is an established challenger with significant market presence and competitive offerings in Government Tech.

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