<ul data-eligibleForWebStory="true"><li>German defence start-up Helsing has raised 600 million euros ($693.30 million) in its latest investment round, led by Spotify founder Daniel Ek.</li><li>The investment round has increased Helsing's value to $12 billion, positioning it among the top five private tech companies in Europe.</li><li>Prima Materia, an investment company by Daniel Ek and Spotify investor Shakil Khan, led the investment round and doubled its investment in Helsing.</li><li>Other investors in the round included Lightspeed Ventures, Accel, Plural, General Catalyst, and SAAB.</li><li>Helsing, based in Munich, specializes in AI software and is expanding to produce drones, aircraft, and submarines.</li><li>The start-up aims to capitalize on increased government defense spending due to rising geopolitical tensions.</li></ul>

German defence startup Helsing raises $693 million in latest investment round

Discover more