News Summary

Venture capital funding in European defence and security technology startups has surged to a record $5.2 billion in 2024. This represents a 24% increase compared to previous years, highlighting significant growth in this sector. The rise in funding has outpaced venture capital investments in artificial intelligence within Europe over the past two years. Reports from the NATO Innovation Fund and Dealroom emphasize the robust investment environment, noting that the defence, security, and resilience (DSR) sector has seen a nearly fivefold increase in investment over the last six years. Notable funding rounds include those for software developer Helsing and drone maker Tekever, which have defied the broader downturn in venture investing.