Axelera AI raises €225.0M Series C round
Axelera AI will use the new funding to grow its manufacturing operations, enhance its customer support team and partner network, and further develop the software tools and SDKs for its edge-first inference chips
“Data centres are hitting power and cooling limits, and as analytics move closer to where data is being created, edge AI solutions must operate within strict energy and bandwidth constraints. We designed our architecture from the ground up to overcome these obstacles. Our edge-first approach isn’t just about efficiency; it’s about making AI deployment economically viable at scale for real-world applications while protecting data and privacy by processing customer information locally.”
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Source: https://sifted.eu/articles/axelera-ai-raises-250m-to-take-on-nvidia/