Axelera AI, an Eindhoven, the Netherlands-based supplier of AI {hardware} acceleration expertise for generative AI and laptop imaginative and prescient inference, acquired as much as €61.6M grant.
Backers included EuroHPC Joint Enterprise (JU) and member states as a part of the Digital Autonomy with RISC-V for Europe (DARE) Challenge.
This new funding adopted the shut of an oversubscribed $68M Collection B financing spherical, bringing the whole quantity raised by Axelera AI to greater than $200M USD in simply three years.
The corporate intends to allocate the quantity to develop its analysis and improvement groups within the Netherlands, Italy and Belgium.
Led by CEO Fabrizio Del Maffeo, Axelera AI is a supplier of purpose-built AI {hardware} acceleration expertise for AI inference, together with laptop imaginative and prescient and generative AI purposes. Its first-generation product is the Metis™ AI platform, a {hardware} and software program resolution for Edge AI inference.
The corporate has R&D workplaces in Belgium, Switzerland, Italy and the UK, with greater than 200 workers throughout three continents. Its group of specialists in AI software program and {hardware} hail from prime AI companies and Fortune 500 firms.
As a part of the DARE consortium, Axelera AI will help the EuroHPC JU and its effort to develop a supercomputing ecosystem in Europe.
FinSMEs
06/03/2025
