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Axelera AI
Overview
Funding Date
October 25, 2022
Financing amount
$27M
Valuation
--
Category
Subcategory
About Axelera AI
The funding round was led by Innovation Industries and joined by imec.xpand and the Federal Holding and Investment Company of Belgium (SFPIM). In addition, the Netherland Enterprise Agency (RVO) awarded Axelera AI with $6.7 million of Innovation Credit (Innovatiekrediet), a special loan reserved for highly innovative and impactful projects, commissioned by the Ministry of Economic Affairs and Climate Policy. Two of these investors previously joined the company’s $12 million seed round last September – European deep tech venture capital funds Innovation Industries and imec.xpand.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | Netherlands | 2017 | 1 | [email protected] | ||
| Fund | Belgium | 2017 | 2 | -- | ||
| Corporate | Belgium | -- | 1 | -- |
Founders & Team
Fabrizio del Maffeo
Evangelos Eleftheriou
Company Profile / Project Introduction
Axelera AI is designing the world's most powerful and advanced solutions for AI at the edge. Its game-changing hardware and software product will concentrate the AI computational power of an entire server into a single chip at a fraction of the power consumption and price of AI hardware today. Headquartered in the AI Innovation Center of the High Tech Campus in Eindhoven, Axelera AI has R&D offices in Belgium, Switzerland, and Italy. Its team of experts in AI software and hardware hail from top AI firms and Fortune 500 companies.
Axelera AI has been operating in stealth since late 2019, incubated by the emerging technologies leader Bitfury Group and supported by key industry players. In 2020, Axelera AI began their work with imec, a world-leading research and innovation centre for nanoelectronics and digital technologies.