Axelera AI raises €10.8M Seed round

15 September 2021· Eindhoven, Netherlands· manufacturing, defense, ai, industrial_software, b2b, software_hardware

The seed funding was used to emerge from stealth and develop the company's initial hardware and software architecture for high-performance AI at the edge

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.

Fabrizio Del Maffeo, CEO and co-founder

Investors

LeadBitfury Group
Also participating
Innovation Industriesimec.xpand

About Axelera AI

Headquarters
Eindhoven, Netherlands
Founded
2021
Team Size
201–500
Sectors
manufacturingdefenseaiindustrial_softwareb2bsoftware_hardware

Source: https://www.axelera.ai/news/axelera-ai-emerges-from-stealth/