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Axelera AI raises $68 million Series B funding

June 27, 2024SSN Staff

SILICON VALLEY, Calif. and EINDHOVEN, Netherlands — Axelera AI, a provider of purpose-built artificial intelligence (AI) hardware acceleration technology for generative AI and computer vision inference, has announced its successful close of an oversubscribed $68 million Series B financing round. This latest round brings the total amount raised to $120 million. Axelera AI has spent the past three years building a team of 180+ employees (including 55+ PhD’s with more than 40,000 citations...

Artificial Intelligence (AI), Axelera AI, Fabrizio Del Maffeo, Generative AI, Marco Chisari, Series B Funding round, Surveillance