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Defence technology unicorn Helsing invests €70 million to Estonia

Defence AI company Helsing cooperation with Estonia

 Estonia and company Helsing signed a joint statement. Photo: Estonian Ministry of Defence

The Estonian Minister of Defence Hanno Pevkur and Gundbert Scherf, Co-founder and Co-CEO of European Defence-AI company Helsing, signed a joint statement to affirm a shared commitment to advancing Estonia’s defence capabilities through the development and application of artificial intelligence (AI) technologies. 

As part of this joint initiative, Helsing will expand its operations within Estonia and the Baltic region, and make significant investments in the sum of 70 million euros, including the establishment of new operational facilities. One part of it is on July 8th established Estonian subsidiary, Helsing OÜ.

The Ministry of Defence is dedicated to pioneering new defence technologies for the Estonian Defence Forces (EDF) and exploring the potential of AI-enabled solutions, including software-defined reconnaissance and strike capabilities.

This collaboration with Helsing’s Estonian entity, Helsing OÜ, is a key step in these efforts, aligning with Estonia’s strategic objective to promote national security and attract top European defence companies. The company will collaborate closely with Estonian industrial partners to provide AI-driven defence capabilities, directly supporting the ministry’s strategic goals.

Defence company Helsing locates some of its operations to Estonia

“The new security environment in Europe requires a determined response from governments as well as the defence industry to be ahead of the curve in developing and fielding modern defence capabilities. The decision by Helsing to locate some of its operations to Estonia is also a sign of recognition for Estonia’s dedication to strengthening national defence and providing a conducive environment for defence tech companies,” said Hanno Pevkur, the Estonian Minister of Defence.

“Protecting NATO’s eastern flank is a mission of critical importance, while the security challenges we face as an alliance are evolving rapidly,” said Dr Gundbert Scherf, Co-CEO Helsing.

“Delivering robust deterrence requires not only the latest technological advancements but also strong collaboration between government and industry. We are proud to partner with Estonia, a nation that has consistently demonstrated leadership in embracing cutting-edge technologies. Together, we are committed to developing Defence AI capabilities that will strengthen the EDF and the entire alliance,” added Scherf.

According to the joint statement, both parties will work together to explore the application of advanced AI-capabilities for the EDF, drawing on recent lessons from global conflicts. The parties will also seek cooperation opportunities in testing new technologies.

Helsing was founded in 2021. The company has raised approximately $827 million and has achieved unicorn status with a valuation exceeding $5.4 billion through investor support.

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