Axelera AI (Series B)
Funding Details
Awarder
SemiNews
Date Award
June 27, 2024
Vertical
AI Acceleration hardware
Funding URL
View Funding Page
Valuation
$120,000,000
Funding Amount
$68,000,000
Company Info
Founding Year
2021
Traction
Companies are embracing new and innovative ways to incorporate computer vision and generative AI capabilities into business models. Axelera AI addresses these challenges by providing a solution that delivers unmatched performance and efficiency.
Organizations Involved
Invest-NL Deep Tech Fund, European Innovation Council Fund, Innovation Industries Strategic Partners Fund, Samsung Catalyst Fund, Verve Ventures, Innovation Industries, Fractionelera, Italian sovereign fund CDP Venture Capital SGR
Founders
Fabrizio Del Maffeo
Market
Retail, Security, Industrial
Location
Silicon Valley, CA, US
Coinvestors
Invest-NL Deep Tech Fund, European Innovation Council Fund, Innovation Industries Strategic Partners Fund, Samsung Catalyst Fund, Verve Ventures, Innovation Industries, Fractionelera, Italian sovereign fund 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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