TheTechno Optimist.

Europa AIPUAxelera AI—Axelera's Europa chips ship in Dell and Supermicro systems as customers pass 600Europa AIPUAxelera AI—Axelera unveils Europa: 629 TOPS, 128 MB on-chip memory and 16 RISC-V coresEuropa AIPUAxelera AI—Axelera AI raises over $250M Series C, the largest investment in an EU AI chip company

Axelera AI

Edge AI inference chips, in-memory compute, RISC-V

NLprivateest. 2021axelera.ai (opens axelera.ai)Checked 11 Oct

The brief

Analyst view
  • Raised $250M+ Series C in Feb 2026 led by Innovation Industries; over $450M raised in total.
  • Europa chip (629 TOPS) shipping since Sep 2026 in Dell and Supermicro systems; 600+ customers.
  • Titania data-centre chiplet, backed by up to €61.6M from EuroHPC, targeted for 2027-2028.

Technical approach

As reported
D-IMC

Multiply inside the memory

Its digital in-memory compute does the multiply-and-add steps of a neural network inside the SRAM arrays that hold the weights, saving energy on data movement.

RISC-V

Open vector cores beside the AI cores

RISC-V vector processors handle the non-AI steps such as pre- and post-processing, so the chip does not need a big host CPU.

Process

Avoids the newest nodes

Chips are made in Taiwan and South Korea on older processes, which keeps costs down and makes switching fabs easier.

Primer