We believe in the power of AI
to improve our lives.
Simplifying AI at the Edge.
If you put relatively limited constrains on cost, power and scalability, Artificial Intelligence is easy. This is how today’s available AI technology has been designed – for cloud computing, delivering inefficient and expensive technologies based on standard and graphic computing architectures – poorly suited for AI/edge workloads. Hardware for edge applications need a completely innovative design which considers specific computational performance, power and economical needs.
At Axelera AI, we are revolutionising the field of artificial intelligence by developing a cutting-edge hardware and software platform for accelerating computer vision on edge devices. Our platform, built using proprietary in-memory computing technology and RISC-V dataflow architecture, delivers industry-leading performance and usability at a fraction of the cost and energy consumption of current solutions.
Today, our focus is on accelerating computing vision and natural language processing at the edge. In the future, the possibilities are limitless.
AI for a green, fair and safe world.
We aim to lead the democratization of Artificial Intelligence. Offering faster, easy-to-use AI acceleration while minimizing power and cost, to simplify AI at the Edge.
We can do this because we are not a regular deep-tech company. Led by our CEO Fabrizio del Maffeo, in just three years since our inception we’ve grown a team of brilliant engineers, developers and business experts to over 190 colleagues around the globe. We are advised by the brightest minds in the AI sphere and backed by major investors, including the European Innovation Council Fund, Innovation Industries, Invest-NL, Samsung Catalyst Fund, Verve Ventures, Fractionelera, the Italian sovereign fund CDP Venture Capital SGR, RVO, Bitfury, Federal Holding and the Investment Company of Belgium (SFPIM) and imec. With an oversubscribed series A, we're bringing the total amount invested into Axelera up to US$ 50 million. An oversubscribed US$68 million Series B financing round, bringing the total amount raised to US$120 million. Axelera AI's Series B funding round is Europe’s largest oversubscribed Series B funding round in the fabless semiconductor industry.
Since July 2021, we’ve taped out two chips (AI Processing Units), and introduced our Metis AI Platform. The hardware and software platform, consisting out of our Metis AIPU and our adaptable Voyager SDK, makes the deployment of machine learning models an effortless task.
Now we are focused on building our solutions and the ecosystem, that together will drive the democratization of AI, enabling a green, fair and safe world.
Share in our milestones
Bitfury Group incubated a dedicated AI division, Bitfury AI, led by Fabrizio Del Maffeo.
Bitfury AI led by Fabrizio Del Maffeo merged with a team of researchers and engineers coming from IBM Zurich led by Evangelos Eleftheriou and a team of researchers and engineers coming from ETH Zurich, imec, Qualcomm and Google. Alexera AI was funded with a Euro 10 million Seed round led by Bitfury Group and the participation of imec, imec.xpand and Innovation Industries.
Announced $12ml seed round led by Bitfury and contributions from imec, imec.xpand and Innovation Industries.
Marian Verhelst joins as scientific advisor
Tape-out of our test-chip Thetis, proving our groundbreaking technology to the AI community.
Torsten Hoefler joins as scientific advisor.
Luca Benini as scientific advisor.
Andreas Hansson joins as advisor.
Silicon Valley veteran Jonathan Ballon joins as independent non-executive director.
Announced oversubscribed $27ml series A round led by innovation industries with contributions from imec.xpand, Federal Holding and Investment Company of Belgium (SFPIM). Received $6.7ml Innovation Credit from the Ministry of Economic Affairs and Climate Policy in The Netherlands.
Introduction of Metis AI Platform and opened the Early Access Program for leading companies that would like to innovate with us. Read the press release and learn about the EAP
Read the press release and learn about the EAP
Announced new investors who have joined their oversubscribed Series A round, bringing the total amount raised to $50 million. The new investors include CDP Venture Capital, Verve Ventures, and Fractionelera. Innovation Industries has increased its investment, becoming the largest investor. Read the press release
Announced shipment of our Metis AI Platform to our first customers. Read the Press Release
Announced Inder Singh, former ARM CFO, joining Axelera AI Board of Directors Read the Press Release
Announced Stephen Owen joined Axelera AI as an Advisor Read the Media Alert, or check out this interview
Global innovators partner with Axelera AI leverage Metis platform for enhanced Edge AI capabilities
Axelera AI Selected for the Tech Tour Growth50 Europe List 2024
Axelera AI Raises $68 Million Series B Funding to Accelerate Next-Generation Artificial Intelligence.
Axelera AI is co-funded by the European Union's Horizon research and innovation programme
Bitfury Group is building solutions for the future, with the most significant technologies of the millennium.
The largest Venture Capital manager in Italy and among the largest in Europe. We were born thanks to a systemic approach in the management of public and private resources aimed at creating a market operator able to combine aims of return on investment and support for market development.
Interuniversity Microelectronics Centre is an international research & development organization, active in the fields of nanoelectronics and digital technologies with headquarters in Belgium. Luc Van den hove has served as president and CEO since 2009.
Headquarters: Leuven, Belgium
Innovation Industries is a European venture capital fund investing in impactful deep tech, focusing on sustainability and scalability.
The Netherlands Enterprise Agency (Rijksdienst voor Ondernemend Nederland, RVO) is an executive body of the Dutch Ministry of Economic Affairs and Climate Policy.
Verve Ventures is a network and technology-driven venture capital firm headquartered in Switzerland. Founded in 2010, Verve Ventures has grown to more than 45 team members and has become one of the most active venture investors in Europe with over 140 technology and science-driven startups in its portfolio.
The Federal Holding and Investment Company (SFPIM) is Belgium's “Sovereign Wealth Fund”. SFPIM is intent on being a reliable partner for Belgian companies, both SMEs and scale-ups, helping them grow into a reference in their sector by providing “smart capital solutions”.
Fractionelera, a consortium specifically created to fund Axelera AI, is comprised of multiple experienced investors and entrepreneurs. Members of the consortium have a track record of investing in startups from the seed stage to the growth stage.
The Samsung Catalyst Fund is the evergreen venture capital fund of Samsung Electronics. The fund invests in deep technology, artificial intelligence and big data startups. The fund's headquarters are located in San Jose, California, with offices in Seoul, Tel Aviv, and Paris.
Headquarters: San Jose, California, United States
Investors
The AI semiconductor market for application-specific processors is expected to reach more than US$ 50 billion in 2025, with the AI computing board and system market estimated to be three or four times larger. In the coming years, most of the market is expected to shift to the edge. However, edge applications need a completely innovative design which considers specific computational performance, power and economical needs.
The global computer vision market size is projected to grow to $21.3B in 2030 with smart cameras comprising the largest component of that market. During that period, a decisive shift away from PC-based systems towards intelligent stand-alone systems is forecast.
Axelera AI captures this opportunity by having developed a game-changing, user-friendly, scalable technology with superior performance and efficiency at a fraction of the cost of existing players to accelerate computing vision and NLP at the edge.
Axelera AI delivers vision solutions for the Edge. Our Metis AI Platform technology will power the next generation of smart camera system enabling complex applications including image classification, object detection and tracking. Axelera’s Voyager SDK is designed to allow the rapid development of computer vision applications without requiring in-depth artificial intelligence knowledge.
We’re simplifying AI at the Edge - making the impossible possible - with the help of industry-recognized innovation leaders and investors and the Horizon Europe Research and innovation funding program.
Awards and Recognitions
