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Benzinga
Benzinga
Business
Paula Tudoran

Spotify's $694M Bet On AI War Tech: What Daniel Ek's Helsing Move Signals For Investors Watching The Defense Boom

Daniel Ek Helsing SPOT Spotify Europe Artificial Intelligence CNBC General Catalyst
The,Spotify,Icon,Is,Displayed,On,A,Smartphone,With,Spotify

European artificial intelligence defense startup Helsing announced a €600 million ($694 million) funding round on Tuesday, led by Prima Materia, the investment firm founded by Spotify (NYSE:SPOT) CEO Daniel Ek and Shakil Khan, an earlier investor in Spotify.

The company said the new funding will help advance Europe's "technological sovereignty" by scaling domestic production of AI-driven defense systems. Helsing uses artificial intelligence to support military decision-making by connecting real-time sensor and weapons system data with advanced software architectures, according to its website.

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