Axelera AI, an Eindhoven, the Netherlands-based provider of AI hardware acceleration technology for generative AI and computer vision inference, received up to €61.6M grant.
Backers included EuroHPC Joint Undertaking (JU) and member states as part of the Digital Autonomy with RISC-V for Europe (DARE) Project.
This new funding followed the close of an oversubscribed $68M Series B financing round, bringing the total amount raised by Axelera AI to more than $200M USD in just three years.
The company intends to allocate the amount to grow its research and development teams in the Netherlands, Italy and Belgium.
Led by CEO Fabrizio Del Maffeo, Axelera AI is a provider of purpose-built AI hardware acceleration technology for AI inference, including computer vision and generative AI applications. Its first-generation product is the Metis™ AI platform, a hardware and software solution for Edge AI inference.
The company has R&D offices in Belgium, Switzerland, Italy and the UK, with more than 200 employees across three continents. Its team of experts in AI software and hardware hail from top AI firms and Fortune 500 companies.
As part of the DARE consortium, Axelera AI will support the EuroHPC JU and its effort to develop a supercomputing ecosystem in Europe.
FinSMEs
06/03/2025