Daniel Ek-backed defense tech Helsing to raise $1.2B at $18B valuation

techcrunch.com May 12, 2026

Daniel Ek-backed defense tech Helsing to raise $1.2B at $18B valuation

Curated by Shubham · TechCapsules · May 12, 2026

AI-summarised brief · reviewed before publication

Helsing, a European military drone startup backed by billionaire Daniel Ek, is reportedly close to raising $1.2 billion at an $18 billion valuation. The new funding round is expected to be led by Dragoneer and co-led by existing investor Lightspeed. This is a significant increase from Helsing's previous funding round in June 2025, which valued the company at $14 billion. The startup has become a hot area for venture capitalists, particularly amid Russia's ongoing war in Ukraine.

💡 Why It Matters

· The massive valuation of Helsing highlights the growing interest in autonomous defense technologies, which are being driven by the need for innovative solutions in conflict zones.
· The significant investment in Helsing underscores the potential for European startups to lead the development of cutting-edge defense technologies.

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Musks Grok AI helped fire 2,000 missiles at Iran Pentagon

The US Department of War has designated xAIs data centers as critical national security infrastructure, likening them to munitions production plants. This classification was made by the Pentagon's artificial intelligence chief in a sworn declaration as part of a lawsuit to restrict the operation of xAI's Colossus data centers in Memphis, Tennessee, over environmental concerns. The data centers, which house the Grok AI, are crucial for the US military's Palantir-developed Maven Smart Systems, enabling the deployment of over 2,000 munitions to 2,000 distinct targets within 96 hours.

💡 The Pentagon's reliance on xAIs data centers raises concerns about the militarization of AI and the potential for civilian casualties. The use of AI in military targeting, as seen in the Minab strike that killed nearly 160 schoolgirls, highlights the need for accountability and transparency in the development and deployment of AI systems.

freemalaysiatoday.com · Jun 17

Grok, a generative artificial intelligence chatbot developed by US artificial intelligence company…

Elon Musk's artificial intelligence tool Grok was used in US strikes against Iran, according to a US government legal briefing. The briefing defends gas turbines used by xAI, Musk's company, which are the target of an environmental lawsuit. The US justice department argues that shutting off the power supply would threaten national security. Grok is part of the US military's AI-assisted targeting program, Project Maven, which enabled efficient deployment of munitions during Operation Epic Fury. The Pentagon praises Grok's technology for increasing operational efficiency. The lawsuit accuses xAI of operating turbines without permits, violating the Clean Air Act.

💡 The use of Grok in military operations raises concerns about AI's role in warfare and its potential impact on human rights. Musk's involvement in the US military's AI pursuits also sparks debate about the ethics of AI development and its applications.

bangkokpost.com · Jun 17

French spy agency drops US AI giant Palantir

France's government has announced plans to drop US AI giant Palantir, citing a need to reduce reliance on US-controlled technology products. The decision comes as European governments become increasingly uneasy about relying on US-controlled technologies. Palantir, co-founded by Peter Thiel with backing from the US Central Intelligence Agency, will be replaced by French company ChapsVision, which will become the "technological foundation" for critical data processing needs. The move is part of France's pursuit of "strategic autonomy" for its intelligence services.

💡 France's break with Palantir highlights the growing wariness among European governments about US control over sensitive technologies. This shift underscores the need for European nations to develop their own domestic providers, rather than relying on US firms, to ensure their strategic autonomy and national security.

spacenews.com · Jun 16

Geospatial industry launches maritime initiative

The U.S. Geospatial Intelligence Foundation (USGIF) is launching a maritime initiative to coordinate industry efforts and address growing demand for technologies that track ocean activity. The initiative, led by maritime intelligence company SynMax, aims to bring together satellite operators, analytics firms, government agencies, and academic institutions to develop maritime surveillance technologies. The effort comes as maritime domain awareness emerges as a fast-growing segment of the geospatial intelligence market, driven by advancements in commercial satellite constellations and artificial intelligence.

💡 The expansion of maritime intelligence tools to commercial users could alleviate supply-chain disruptions and provide insights into global trade flows, benefiting industries such as shipping, energy, and finance. By developing new economic models and standardizing data presentation, the industry can make maritime intelligence more accessible and affordable for a broader range of customers, ultimately reducing risk uncertainty for companies involved in the maritime economy.

spacenews.com · Jun 16

PiLogic partners with Air Force lab to test satellite fault-prediction software

PiLogic, a Los Angeles-based startup, has partnered with the U.S. Air Force Research Laboratory to test its artificial intelligence software for predicting satellite faults. The two-year agreement will use an AFRL cubeSat launched in 2022 as a platform to evaluate PiLogic's software, which analyzes onboard sensor data to detect anomalies and predict potential failure modes. The company's software aims to provide engineers with an explainable understanding of spacecraft behavior, rather than simply generating alerts. This approach could improve the way spacecraft operators detect and diagnose problems in orbit.

💡 The partnership highlights the growing interest in applying artificial intelligence to military space operations, where predictability and reliability are crucial. By developing a more reliable and explainable AI system, PiLogic's technology could help defense agencies and aerospace companies identify potential problems in aging satellite fleets before they become mission-threatening failures.

spacenews.com · Jun 16

DARPA to explore ways to rapidly rebuild satellite networks if attacked

The Defense Advanced Research Projects Agency (DARPA) is seeking input from the space industry on how to rapidly restore critical space capabilities if satellites are disabled or destroyed during a conflict. DARPA released a request for information titled "Rapid Reconstitution of Space Capabilities" on June 12, with responses due by July 8. The agency aims to reestablish critical services on timelines measured in hours to weeks, reflecting Pentagon concerns that space is becoming an increasingly contested domain.

💡 The rapid reconstitution of space capabilities is crucial to maintaining the US military's advantage in space, where satellites provide critical services for communications, intelligence collection, and missile warning. The development of counterspace capabilities by China and Russia poses a significant threat to US space assets, making DARPA's efforts to improve resilience in space a matter of national security.