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Mario Nawfal, founder & CEO at IBC Group, reports that German drone startup Helsing GmbH, established in 2021, is now valued at $18 billion.
The company is closing a $1.2 billion funding round at this valuation, up from $14 billion in less than a year. Nawfal highlights that Helsing did not exist four years ago.
Nawfal has highlighted significant financial developments in recent coverage. He noted that U.S. national debt has reached $39 trillion, with annual interest payments now surpassing $1 trillion. In a separate report, he pointed to the Iranian rial’s decline to a record 1.80 million to the dollar following war and sanctions. These updates come alongside his latest focus on the rapid rise of Helsing GmbH.