Reported 9 months ago
German AI start-up Helsing, specializing in the defence sector, plans to secure nearly $500 million from Silicon Valley investors like Accel and Lightspeed Venture Partners, leading to an estimated valuation of $4.5 billion. This substantial increase in valuation comes after being selected by the German defence ministry to integrate AI tools into Eurofighter jets, showcasing the company's rapid growth amid heightened regional geopolitical tensions.
Source: YAHOO