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Spotify’s Daniel Ek just bet bigger on Helsing, Europe’s defense tech darling
Spotify's Daniel Ek just led a €600 million investment in Helsing, a four-year-old, Munich-based defense tech company that is now valued at €12 billion, according to the Financial Times. The deal makes it one of Europe's most valuable privately held companies; it also highlights Europe's scramble to build its own military muscle as the world grows messier and the U.S. turns inward.
It’s part of a broader defense tech boom that’s seeing money flood into companies like the U.S. giant Anduril, which just raised$2.5 billion led by Founders Fund, and European drone makers Quantum Systems and Tekever. The company’s main product takes massive amounts of data from military sensors, radars, and weapons systems, then uses AI to create intuitive, real-time visualizations of what’s happening on the battlefield. As he said in a press release about Monday’s funding: “As Europe rapidly strengthens its defense capabilities in response to evolving geopolitical challenges, there is an urgent need for investments in advanced technologies that ensure its strategic autonomy.”
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