Helsing

Defense · Munich, Bavaria · Founded 2021 · Privately Held (backing)

Operator of a defense artificial intelligence company intended to protect democracies. Helsing is based in Munich, Bavaria and was founded in 2021. It was valued at $18 billion at its Series E in Jul 2026, the last priced event on record. It has raised $1.5 billion across 5 recorded rounds; the latest was a $1.8 billion Series E in Jul 2026.

PMV mark · valuation
$18.0B
Oct 2026
Priced at
its Series E
Jul 2026
Total raised
$1.5B
Last round
Series E
Jul 2026
What is Helsing worth?
$18.0BPrivateMarketView mark · Oct 2026

Valued at $18.0B at its Series E, Jul 2026. Nothing has traded since.

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Valuation timeline

1 priced round · 32 daily marks since · Jul 2026 – Oct 2026
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Series Erounds hold their value until the next priced eventMark, today
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Helsing funding history

5 rounds
DateRoundRaisedPost-money
Jul 2026Series E$1.8B▮
Jun 2025Series D$694.0M▮
Jul 2024Series C$487.0M▮
Sep 2023Series B$224.0M▮
Nov 2021Series A$118.5M▮
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Helsing valuation

Helsing was valued at $18 billion at its Series E in Jul 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Helsing raised?

Helsing has raised $1.5 billion across 5 recorded rounds since 2021. The largest was a $694 million Series D in Jun 2025; the most recent was a $1.8 billion Series E in Jul 2026. 1 of the rounds disclosed a post-money valuation.

Comparable companies

Comparable defense names by valuation on PrivateMarketView: Quantum Systems ($8 billion), TEKEVER ($1.3 billion) and Performance Drone Works ($730 million).

How Helsing's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Helsing, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Helsing

What is Helsing worth?
Helsing is valued at $18.0B as of Oct 2026. Valued at $18.0B at its Series E, Jul 2026. Nothing has traded since.
How much has Helsing raised?
Helsing has raised $1.5B in total funding across 5 recorded rounds.
When did Helsing last raise?
Helsing last raised in Jul 2026 (Series E), raising $1.8B.