Dutch AI Semiconductor Startup Axelera AI Launches With $12 Million Seed Round

Dutch AI Semiconductor Startup Axelera AI Launches With $12 Million Seed Round

Dutch AI Semiconductor Startup Axelera AI Launches With $12 Million Seed Round Stealth company incubated by blockchain unicorn Bitfury Group and global nanoelectronics R&D center imec EINDHOVEN, Netherlands, September 15, 2021--(BUSINESS WIRE)--AI semiconductor startup Axelera AI announced today that it has successfully closed a seed investment round of $12 million. The round was led by emerging technologies leader Bitfury and joined by global nanoelectronics R&D center imec and deep-tech venture capital funds Innovation Industries and imec.xpand. The funding will support the company’s development of an industry-defining product powering AI applications at the edge. Axelera AI was incubated by Bitfury Group in 2019, formerly operating as Bitfury AI until the company came out as an independent entity this year. Building on its extensive research and development focused on integrating world-class hardware …
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