Growth · Hardware

Axelera AI raises $250M growth financing

Axelera AI raised $250 million in growth financing announced in February.

Backers include Innovation Industries, SiteGround Capital, BlackRock, Bitfury, CDP Venture Capital, the European Innovation Council Fund, SFPIM, Invest-NL, Samsung Catalyst Fund and Verve Investments.

The company develops AI acceleration hardware for edge computing and data centers.

Funding history

Growth · This round$250M

Sources

  1. Axelera AIprojectstartups.com
  2. businesswire.com