European defense tech startup Helsing nears $1.2B funding round

Helsing, a European military drone startup backed by Spotify founder Daniel Ek, is close to raising $1.2 billion in a new funding round, valuing the company at $18 billion, according to TechCrunch.

The Berlin-based firm, founded five years ago, has become a significant player in European defense technology. The funding underscores growing investment in defense capabilities across the EU amid security concerns.