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A drone company in Europe has just raised a new massive funding round. And Goldman Sachs is behind it.

What’s happening:

  • Helsing has successfully raised $1.8B USD in a new Series E financing round

By the numbers:

  • The new Series E funding round gives Helsing a post-money valuation of roughly $18B USD

Why it matters:

  • Helsing is one of the fastest growing private defense companies in Europe and their flagship strike drones are currently being used by Ukrainian forces as well as being tested by militaries in France, Germany, the United Kingdom and the United States of America

Going deeper:

  • Goldman Sachs was the lead investor in Helsing’s new Series E financing round alongside of notable participation from both Dragoneer Investment Group and Lightspeed Venture Partners
  • Helsing has publicly stated they plan to use the new growth capital to accelerate new technology breakthroughs in artificial intelligence powered autonomous defense systems and support their existing contracts with European governments and defense contractors

The intrigue: