# Helsing
Europe's answer to [[Anduril]]. A German-British defense AI company building autonomous weapons systems, AI-powered electronic warfare, and loitering munitions. Founded in Munich in 2021, now operating across Germany, France, the UK, and Ukraine.
## Founders
- **Torsten Reil** — CEO. Background in gaming and simulation (co-founded NaturalMotion, sold to Zynga for $527M). Brought AI/simulation expertise to defense.
- **Gundbert Scherf** — Previously worked in the German Ministry of Defence. Brought government/procurement expertise and European defense policy knowledge.
- **Niklas Köhler** — Machine learning engineer. Technical co-founder.
The founder mix mirrors the [[Palantir]] formula: tech expertise + government insider + ML engineer.
## Funding
| Round | Date | Amount | Key Investors |
|-------|------|--------|---------------|
| Series A | 2022 | €102M | Prima Materia, Daniel Ek |
| Series B | Sep 2023 | €209M | General Catalyst, Accel, Saab |
| Series C | Sep 2024 | €450M | General Catalyst, Lightspeed, Accel |
| Series D | Jun 2025 | €600M | Prima Materia (led), General Catalyst, BDT & MSD |
| **Total** | | **€1.37B** | |
[[Daniel Ek]] (via Prima Materia) is both the largest investor and chairman of the board. He doubled his stake in the Series D.
## Products & Deployments
- **HX-2** — Loitering munition (kamikaze drone). Delivering several hundred per month to Ukraine as of January 2026.
- **Cirra AI** — Electronic warfare software integrated into Saab's Arexis EW suite on the Eurofighter. "Three-digit million Euro" contract signed November 2025.
- **AI reconnaissance/strike systems** — Partnership with ARX Robotics to integrate drones + unmanned ground vehicles.
## Key Contracts
- **€1B+ Bundeswehr framework** — Initial €269M deal for HX-2 (February 2026), with framework option up to €1.46B. Bundestag capped at €1B per producer.
- **Saab/Eurofighter EW integration** — Multi-year contract for Cirra AI.
- Active deployments in Ukraine with 6+ army units.
## Strategic Acquisitions
Acquired **Grob Aircraft** (German light aircraft manufacturer) in June 2025 to develop AI-powered reconnaissance and combat aircraft. This moves Helsing from pure software/drones into full airframes — the same vertical integration strategy as Anduril.
## Investor Overlap with U.S. Defense Tech
The VC overlap is notable: **General Catalyst** invested in both Helsing and [[Anduril]]. **Accel** invested in both Helsing and [[Skydio]]. This suggests the same firms are building parallel defense tech portfolios across the Atlantic.
## The Daniel Ek Angle
Ek stepped down as Spotify CEO in January 2026 to focus on European tech investment. His thesis: Europe needs its own defense industrial base and can't rely on U.S. companies. Helsing is his flagship bet. This has triggered controversy — musicians including King Gizzard & The Lizard Wizard, Godspeed You! Black Author, and Deerhoof pulled their catalogs from Spotify in protest.
## See Also
- [[Daniel Ek]]
- [[Anduril]]
- [[Autonomous Weapons Debate]]
- [[Defense Tech as Asset Class]]