The new arrangement between Helsing and Destinus links a planned investment in Destinus’ latest funding round with a commercial collaboration to develop defense offerings intended for NATO and allied forces.
The companies announced the partnership Oct. 20 and identified NATO and allied forces as intended recipients, not confirmed buyers. Helsing works on military artificial intelligence, while Destinus develops strike and air-defense technology. The firms also cited production scale as an aim. Their announcements did not identify products, specify Helsing’s investment amount or disclose Destinus’ valuation.
Helsing said it raised $1.8 billion in a Series E financing announced July 13, at a valuation of $18 billion. Those figures apply to Helsing and do not establish Destinus’ value.
Separately, Destinus said a proposal it developed with Aeon was among 10 finalists for Topic 1 of a U.S. Army interceptor competition. Army rules permit up to three winners in Topic 1. The Army’s competition page lists Dec. 31 for the winner announcement, while its rules say the schedule may change.
