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
Munich company founded in 2021 building autonomous systems and AI software for defence, from the HX-2 drone to the SG-1 underwater system. $1.8B Series E in 07/2026, at $18B.
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.