Helsing

Private

European defense AI company developing artificial intelligence software and systems for military and national security applications.

Helsingis private — you can’t buy shares. This map shows what you can buy that moves with it, and what moves against it, with dated evidence on every connection.

helsing.aiUpdated 2026-07-25research currentmethodology 2026.07.2Relationship mapping, not a recommendation.
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Decisive takeaway

Strongest public comparable: Lightspeed Venture Partners (via public holdings) — strategic investor. Direct equity exposure via co-lead investment in July 2026 $1.8 billion Series E round at $18 billion valuation alongside Goldman Sachs; Lightspeed's portfolio companies (some public) may provide indirect exposure.

Top public-market relationships

The 3 strongest routes from the full map — free preview, evidence included.

Lightspeed Venture Partners (via public holdings)

Strategic investorstockPrice could riseEquity growthinferredsource 2026-07-13inference
10conn
What it captures
Direct equity exposure via co-lead investment in July 2026 $1.8 billion Series E round at $18 billion valuation alongside Goldman Sachs; Lightspeed's portfolio companies (some public) may provide indirect exposure.
What it misses
Lightspeed itself is private; exposure requires tracing to public vehicles or listed portfolio companies; funding stage and stake size not disclosed.

Materiality: high · Confidence: high · Long term (3+ years)

View in IBKRverified 2026-07-25

General Catalyst (via public holdings)

Strategic investorstockPrice could riseEquity growthinferredinference
8conn
What it captures
Equity exposure via participation in Helsing's funding rounds (specific round not disclosed in available sources but General Catalyst publicly listed as investor); venture firm with public portfolio company holdings.
What it misses
Investment round, stake size, and entry valuation unknown; General Catalyst itself private; requires tracing to public vehicles or portfolio exits.

Materiality: medium · Confidence: medium · Long term (3+ years)

View in IBKRverified 2026-07-25

The Goldman Sachs Group, Inc.GS · NYSE

Strategic investorstockPrice could riseEquity growthinferredsource 2026-07-13inference
7conn
What it captures
Goldman Sachs is a named investor in Helsing's July 2026 Series E round raising $1.8 billion at $18 billion valuation.
What it misses
Does not capture Goldman's broader investment banking, trading, or wealth management operations unrelated to Helsing equity stake.

Materiality: low · Confidence: high · Long term (3+ years)

View in IBKRverified 2026-07-25

21 more relationships in the full map

  • 7Diversified ETFs and exchange-traded products
  • 5Commercial partners and customers
  • 4Advanced instruments
  • 3Similar public companies
  • 1Competitors and substitutes
  • 1Suppliers and infrastructure providers

The full map also includes: full evidence and provenance on every route · 2 negative and hedge routes · 8 catalysts to watch · 8 what-breaks-the-thesis conditions · instrument comparisons and exports.

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Assumptions and limitations

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