Axelera AI (Series B)
Funding Details
Awarder
RSS - theaiinsider.tech
Date Award
June 27, 2024
Vertical
AI Hardware Acceleration Technology
Funding URL
View Funding Page
Valuation
$120,000,000
Funding Amount
$68,000,000
Company Info
Traction
Axelera AI has visibility into a strong business pipeline which exceeds $100 million. The company is shipping evaluation kits and has customers utilizing the Metis AI Platform within their cutting-edge products.
Organizations Involved
Invest-NL Deep Tech Fund, European Innovation Council Fund, Innovation Industries Strategic Partners Fund, Samsung Catalyst Fund, Verve Ventures, Innovation Industries, Fractionelera, CDP Venture Capital SGR, Verve Ventures, Innovation Industries, Fractionelera, CDP Venture Capital SGR
Founders
Fabrizio Del Maffeo
Market
AI Inference, Automotive, Healthcare, High-Performance Computing
Location
Eindhoven, Netherlands
Coinvestors
Invest-NL Deep Tech Fund, European Innovation Council Fund, Innovation Industries Strategic Partners Fund, Samsung Catalyst Fund, Verve Ventures, Innovation Industries, Fractionelera, CDP Venture Capital SGR
Company Description

Axelera AI is an artificial intelligence chip manufacturer that creates AI hardware and software platforms for edge computing.

Links
WebsiteCrunchbaseLinkedInTwitter
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