Munich-based defense technology company Helsing has raised $1.8 billion in a Series E round, valuing the company at $18 billion.

The July 13, 2026 financing included Dragoneer Investment Group, Lightspeed Venture Partners, Disruptive, Iconiq, Growth Equity at Goldman Sachs Alternatives, JPMorganChase, Canada Pension Plan Investment Board, General Catalyst, Plural and Stepstone.

Helsing develops AI-driven defense systems, including loitering munitions and swarm and command software for military applications. The company said the new capital will be used to develop new AI platforms and integrate them into the defense capabilities of a growing number of partner countries.

The company said it remains majority European-owned, and that its board will remain unchanged.