# Axelera AI raises over $250M Series C, the largest investment in an EU AI chip company

Canonical page: https://technooptimist.io/stories/axelera-ai-raises-over-250m-series-c-the-largest-investment-in-an-eu-ai-881d01f5
Date: Feb 2026
About: [Axelera AI](https://technooptimist.io/companies/axelera-ai.md) · [Europa AIPU](https://technooptimist.io/computing/europa.md)
Original source: https://www.osborneclarke.com/news/osborne-clarke-has-advised-bitfury-top-holdco-bvon-250-million-series-c-investment-axelera-ai

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.

## Key facts

- 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.

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