General Catalyst led a €209m Series B round in Helsing.

General Catalyst, a venture capital firm, led a €209m Series B round in Helsing, a defence AI company, with participation from Saab. “The investment in Helsing marks another milestone in Saab’s commitment to further bolster our capabilities and continuously improve our portfolio to meet the evolving needs of our customers. Together with the recent acquisitions of BlueBear in the United Kingdom and CrowdAI in the U.S., it also supports our international growth strategy as we seek to ensure Saab is well positioned in strategic markets,” Micael Johansson, Saab President and CEO.