News Summary

The European defence tech sector is witnessing a significant surge in venture capital funding, reaching a record $5.2 billion. This increase is driven by heightened defence needs in response to the war in Ukraine, straining relations with the US and prompting European countries to boost their defence spending. The spotlight is on Helsing, Europe’s most valuable defence tech startup, co-founded by Gundbert Scherf. Scherf discusses the future of European defence and the critical role technology will play in this sector, addressing Europe’s strategic needs in the face of potential US policy changes.