Berlin \u2014 AI defense company Helsing announ\u00adced that it has raised \u20ac209 million in a Series B funding round led by Gene\u00adral Cata\u00adlyst. The Swedish Saab Group is also parti\u00adci\u00adpa\u00adting in the round as a stra\u00adte\u00adgic inves\u00adtor, thus deepe\u00adning the exis\u00adting partnership.<\/p>\n
Foun\u00added in 2021, the Munich-based company is a new breed of defense contrac\u00adtor deve\u00adlo\u00adping AI-based capa\u00adbi\u00adli\u00adties to protect demo\u00adcra\u00adcies. Helsin\u00adg\u2019s pure soft\u00adware-based approach and close part\u00adner\u00adship with the indus\u00adtry have led to rapid market adop\u00adtion across Europe. In June 2023, the German govern\u00adment selec\u00adted Helsing and its part\u00adner Saab to deli\u00adver the new AI-enab\u00adled elec\u00adtro\u00adnic warfare capa\u00adbi\u00adli\u00adties for the upco\u00adming Euro\u00adfigh\u00adter update. In August 2023, Helsing and its consor\u00adtium part\u00adners were tasked with provi\u00adding arti\u00adfi\u00adcial intel\u00adli\u00adgence (AI) deve\u00adlo\u00adp\u00adment infra\u00adstruc\u00adture for the Future Combat Air System (FCAS).<\/p>\n
\u201cThis round of finan\u00adcing is a vote of confi\u00addence in Europe,\u201d said Tors\u00adten Reil, co-foun\u00adder of Helsing<\/strong>. \u201cGene\u00adral Cata\u00adlys\u00adt\u2019s commit\u00adment to global and Euro\u00adpean resi\u00adli\u00adence aligns with our mission to protect Euro\u00adpean democracies.\u201d<\/p>\n \u201cWe foun\u00added Helsing because we believe AI will be essen\u00adtial to conti\u00adnue defen\u00adding demo\u00adcra\u00adtic values. Our recent contracts show that this belief is shared by govern\u00adments and indus\u00adtry. This round of funding is further vali\u00adda\u00adtion from a leading global inves\u00adtor, as well as from our part\u00adner Saab,\u201d added Dr. Gund\u00adbert Scherf, co-foun\u00adder of Helsing <\/strong>(photo \u00a9 helsing.ai).<\/p>\n Helsing places parti\u00adcu\u00adlar focus on the ethi\u00adcal appli\u00adca\u00adtion of new tech\u00adno\u00adlo\u00adgies, espe\u00adci\u00adally arti\u00adfi\u00adcial intel\u00adli\u00adgence. The company takes a targe\u00adted approach to trans\u00adpa\u00adrency, explaina\u00adbi\u00adlity, and the effec\u00adti\u00adve\u00adness of \u201chuman in the loop.\u201d To ensure tech\u00adni\u00adcal excel\u00adlence and diverse thin\u00adking, Helsing recruits employees from a variety of back\u00adgrounds and encou\u00adra\u00adges criti\u00adcal thin\u00adking and feed\u00adback from its teams.<\/p>\n \u201cWe believe Helsing is an indus\u00adtry-shaping soft\u00adware company that is fully aligned with our global resi\u00adli\u00adence thesis \u2014 the need to moder\u00adnize our major indus\u00adtries for the powerful chan\u00adges in the world,\u201d said Paul Kwan, Mana\u00adging Part\u00adner, Gene\u00adral Cata\u00adlyst<\/strong>.<\/p>\n Helsin\u00adg\u2019s mission to protect demo\u00adcra\u00adcies places parti\u00adcu\u00adlar focus on the ethi\u00adcal appli\u00adca\u00adtion of new tech\u00adno\u00adlo\u00adgies, espe\u00adci\u00adally arti\u00adfi\u00adcial intel\u00adli\u00adgence. The company takes a targe\u00adted approach to trans\u00adpa\u00adrency, explaina\u00adbi\u00adlity, and the effec\u00adti\u00adve\u00adness of \u201chuman in the loop.\u201d<\/p>\n Consul\u00adtant Helsing: YPOG<\/strong> About Helsing<\/strong><\/p>\n Helsing is a key tech\u00adno\u00adlogy and soft\u00adware company of the latest gene\u00adra\u00adtion. In focus: criti\u00adcal AI capa\u00adbi\u00adli\u00adties for secu\u00adrity and defense. Helsing was foun\u00added as an owner-mana\u00adged tech\u00adno\u00adlogy company to pursue the exclu\u00adsive busi\u00adness purpose of deve\u00adlo\u00adping and deploy\u00ading AI capa\u00adbi\u00adli\u00adties in the secu\u00adrity sector. It is Helsin\u00adg\u2019s claim, as a Euro\u00adpean tech\u00adno\u00adlogy pioneer, to enable demo\u00adcra\u00adtic socie\u00adties to make sove\u00adreign decis\u00adi\u00adons and enforce their own ethi\u00adcal standards.<\/p>\n About YPOG<\/strong> Berlin \u2014 AI defense company Helsing announ\u00adced that it has raised \u20ac209 million in a Series B funding round led by Gene\u00adral Cata\u00adlyst. The Swedish Saab Group is also parti\u00adci\u00adpa\u00adting in the round as a stra\u00adte\u00adgic inves\u00adtor, thus deepe\u00adning the exis\u00adting part\u00adner\u00adship. Foun\u00added in 2021, the Munich-based company is a new breed of defense contractor [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":49398,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1369,1373],"tags":[],"class_list":["post-49400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-investors","category-venture-capital-en"],"yoast_head":"\n
\nTeam: Dr. Benja\u00admin Ullrich (Lead, Tran\u00adsac\u00adtions), Part\u00adner, Berlin Dr. Bene\u00addikt Fl\u00f6ter (IP\/IT), Asso\u00adcia\u00adted Part\u00adner, Berlin Tobias Lovett (Lead, Tran\u00adsac\u00adtions), Senior Asso\u00adciate, Berlin Dr. Chris\u00adtoph Cordes (IP\/IT), Asso\u00adciate, Berlin; Farina Weber (Corpo\u00adrate), Asso\u00adciate, Berlin<\/p>\n
\nYPOG is a specia\u00adlist tax and commer\u00adcial law firm opera\u00adting in the core areas of Funds, Tax, Banking & Finance and Tran\u00adsac\u00adtions. The YPOG team advi\u00adses a wide variety of clients. These include emer\u00adging tech\u00adno\u00adlogy compa\u00adnies and family-run medium-sized enter\u00adpri\u00adses as well as corpo\u00adra\u00adti\u00adons and private equity\/venture capi\u00adtal funds. YPOG is one of the leading addres\u00adses for venture capi\u00adtal, private equity and fund struc\u00adtu\u00adring in Germany. www.ypog.law<\/p>\n","protected":false},"excerpt":{"rendered":"