Axelera AI

Location:
Eindhoven 
Sector: DeepTech 
Transaction date: June 2024 
Total funding from Invest-NL: € 15 million (equity)

The Deep Tech Fund of Invest-NL announces a strategic investment of € 15 million in Axelera AI, a leading provider of specially designed edge AI chips. This financing is part of a Series B funding round of over € 63 million, bringing the total amount raised by Axelera AI to more than € 111 million. The investment aims to scale Axelera AI's commercial development and aligns with strategic European initiatives, including the EU Chips Act and the AI strategy.