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German AI Company Helsing Raises €209 Million for Defense AI

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German defense technology company Helsing has raised €209 million ($223 million) in funding and has named Swedish defense company Saab AB as a new strategic investor.

as a new strategic investor. Venture Capital firm General Catalyst led the round and the funds will be used to expand in France, Germany and the UK and invest in its technology, the Berlin-based artificial intelligence company said in a statement on Thursday.

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