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European defense tech startup Helsing nears $1.2B funding round

The five-year-old military drone company backed by Spotify founder Daniel Ek is closing in on a major investment at an $18 billion valuation.

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Pierre Dubois
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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.