Helsing vs Blackbaud Raiser's Edge NXT
Side-by-side comparison of AI visibility scores, market position, and capabilities
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.
About
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.
Blackbaud nonprofit CRM (NASDAQ: BLKB, projected $1.12B+ 2025 revenue) serving 100K organizations with $100B+ annual flow; 70+ AI capabilities at bbcon 2025 and AI Coalition with Anthropic competing with Salesforce Nonprofit for major gifts.
About
Blackbaud Raiser's Edge NXT is a cloud-based nonprofit fundraising and constituent relationship management platform developed by Blackbaud (NASDAQ: BLKB) — a Charleston, South Carolina-based social impact software company reporting $1.12-1.13 billion in projected 2025 revenue serving nearly 100,000 nonprofit, foundation, and social impact organization customers globally, with $100+ billion raised, granted, or managed through Blackbaud platforms annually. Raiser's Edge NXT (the cloud-native successor to the legacy Raiser's Edge on-premise CRM) provides major gift fundraising teams, annual fund programs, and donor stewardship operations with prospect research, campaign management, gift processing, constituent relationship tracking, and analytics. At bbcon 2025 in Philadelphia, Blackbaud unveiled 70+ embedded AI capabilities across its product suite and announced the AI Coalition for Social Impact (with Anthropic and Databricks) to advance responsible AI adoption for nonprofits. CEO Michael Gianoni has led Blackbaud since 2014. Founded 1981 by Anthony Bakker.
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