Daily News – May 11, 2026
About this episode
Helsing prepares a $1.2B round in European defence AI, Axelera AI accelerates industrial AI chip production after a $250M raise, and Edmund secures €2.5M to preserve industrial know-how through AI manufacturing intelligence.
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Main news
Startups mentioned
Helsing
Founded in Munich in 2021, Helsing is a European defence-tech company combining AI, operational software and proprietary manufacturing across strike drones, underwater systems and autonomous aircraft. Its 2026 Series E valued the company at $18 billion.
Axelera AI
Swiss AI company developing efficient AI accelerators and edge computing solutions for real-time AI applications.
Edmund
AI platform integrating electrical schematics, maintenance logs and live IoT telemetry to diagnose industrial faults in real time and preserve operational expertise across factory floors.