Team S on Newnex: Axelera AI, a startup based in Eindhoven, raised…

Axelera AI, a startup based in Eindhoven, raised €68 million in…

Team S · 2024-07-04T05:16:36.000Z

Axelera AI, a startup based in Eindhoven, raised €68 million in Series A funding to develop energy-efficient AI chips . The round was led by Innovation Industries, Invest-NL, and Verve Ventures, with new investors like the European Innovation Council and Samsung's investment fund. Co-founded by Fabrizio Del Maffeo, Axelera aims to compete with Nvidia by offering chips that are significantly cheaper and more energy-efficient. The funding will support their expansion into North America, Europe, and the Middle East https://innovationorigins.com/en/ai-chip-startup-axelera-raises-e68-million-to-challenge-nvidia/

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Team S on Newnex: Axelera AI, a startup based in Eindhoven, raised…