StoryFunding
Axelera AI raises over $250M Series C, the largest investment in an EU AI chip company
Axelera AI raised a $250M Series C led by Innovation Industries, with BlackRock and SiteGround Capital joining existing backers. The company had shipped to its 500th customer.
- Existing investors include Bitfury, CDP Venture Capital, the EIC Fund, SFPIM, Invest-NL and Samsung Catalyst Fund.
- Described as the largest investment ever in an EU AI semiconductor company.