Berlin, 14 September, 2023 – A YPOG team led by Dr Benjamin Ullrich advised Helsing comprehensively on its €209 million Series B financing round. The round was led by General Catalyst and the Swedish group Saab participates as a strategic investor, deepening the existing partnership with Helsing.
Founded in 2021, the Munich based company is a new type of defence company, developing AI-based capabilities to protect our democracies. Helsing’s software-only approach and deep partnership with the industry have led to rapid market adoption across Europe. In June 2023, the German government selected Helsing and its partner Saab to provide the new AI-enabled electronic warfare capabilities for the upcoming update of the Eurofighter. In August 2023, Helsing and its consortium partners won the contract to provide the AI backbone for the Future Combat Air System (FCAS) programme.
Helsing’s mission to protect democracies places special responsibility on the ethical consideration of new technologies, in particular artificial intelligence. The company takes an intentional approach to transparency, explainability and the effectiveness of the human in the loop.
YPOG has advised Helsing since its incorporation, including on its €102.5 million Series A financing round in November 2021.
Team
Dr. Benjamin Ullrich (Lead, Transactions), Partner, Berlin
Dr. Benedikt Flöter (IP/IT), Associated Partner, Berlin
Tobias Lovett (Lead, Transactions), Senior Associate, Berlin
Dr. Christoph Cordes (IP/IT), Associate, Berlin
Farina Weber (Corporate), Associate, Berlin
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Kontakt:
Benno Engelmann
T +49 172 2749 689 | E presse@ypog.law
Engelmann Advisory
engelmann-advisory.com
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YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
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