Axelera AI

About

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

Eindhoven,Noord-Brabant,The Netherlands
51 - 100
https://www.axelera.ai

Highlights

Details

Last Funding Type: Series A
Last Funding Money Raised: $27M
Industries: Artificial Intelligence,Machine Learning,Semiconductor,Software
Founded date: Jan 1, 2021
Number Of Employee: 51 - 100
Operating Status: Active
Legal Name: Axelera AI B.V.

Axelera AI is an artificial intelligence chip manufacturer that creates AI hardware and software platforms for edge computing. It aims to produce the world’s most efficient and advanced solutions for AI at the edge.

Incubated in 2019 by the emerging technologies leader Bitfury and joined by the leading nano-technology group imec in early 2020, Axelera AI launched as a new company in 2021. 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.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

3

$45.70M

Axelera AI has raised a total of $45.70M in funding over 2 rounds. Their latest funding was raised on Oct 25, 2022 from a Series A round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Oct 25, 2022	Series A	$27M	3	Innovation Industries	—	Detail
Oct 25, 2022	Debt Financing	$6.70M	1	Netherlands Enterprise Agency	—	Detail
Sep 15, 2021	Seed	$12M	4	Bitfury Group	—	Detail

Investors

Number of Lead Investors

Number of Investors

3

6

Axelera AI is funded by 6 investors. Innovation Industries and Netherlands Enterprise Agency are the most recent investors.

Investor Name	Lead Investor	Funding Round
Innovation Industries	Yes	Series A
Netherlands Enterprise Agency	Yes	Debt Financing
Bitfury Group	Yes	Seed
imec.xpand	—	Series A
SFPI-FPIM	—	Series A
imec	—	Seed