Anne Schraders, a VC and defence tech reporter based in Berlin, dives into the mysterious world of Helsing, a defence tech unicorn valued at €12bn. She discusses its substantial €600m funding and the secretive nature of its operations, particularly around autonomous drones and maritime tech. Schraders addresses scrutiny over the company's drone performance and the challenges it faces in a competitive landscape. She also shares insights on Helsing's potential growth paths, including an IPO, amid shifting attitudes towards defence investments in Europe.