German defense start-up has the attention of investors

German drone and AI start-up Helsing is in advanced stages to raise $1.2 billion in its latest funding round, which would value the company at $18 billion, the Financial Times reported Saturday. This would significantly increase the $14 billion valuation ascribed to it less than a year ago. Even more, according to the Financial Times, this fundraising round was “oversubscribed multiple times.” This shows that Germany’s defense start-up scene is attracting investor attention, which will contribute to Germany’s efforts to arm for war.