Axelera AI

🎉Today is an exciting day for Axelera AI! We have announced the successful close of an oversubscribed $68 million Series B financing round - Europe's largest oversubscribed Series B funding round in the fabless semiconductor industry.   🚀 This tremendous milestone is a testament to the growth and success we’ve had as a company. In just three years, we have raised a total of $120 million and have built a world-class team of 180+ employees (including 55+ PhDs with more than 40,000 citations). We have also launched our Metis™ AI Platform, which achieves a 3-5x increase in efficiency and performance, and have visibility into a strong business pipeline exceeding $100 million. This success has attracted diverse global funding from venture capital, sovereign wealth, and pension funds.   We would like to thank the major institutional investors involved in this round, including Invest-NL Deep Tech Fund, the European Innovation Council and SMEs Executive Agency (EISMEA) Fund, Innovation Industries Strategic Partners Fund (backed by Dutch Pension Funds PMT and PME, administered by MN), and Samsung Catalyst Fund, along with existing investors Verve Ventures, Innovation Industries, Fractionelera, and the Italian sovereign fund CDP Venture Capital SGR. We would also like to thank those who contributed to previously raised funds, including the innovation credit from RVO - Netherlands Enterprise Agency , and equity investment from Bitfury, CDP Venture Capital, Federal Holding and Investment Company of Belgium (SFPIM),imec, imec.xpand, and Innovation Industries.   We would also like to thank the entire Axelera AI team. This achievement would not have been possible without our incredible executives, board of directors and employees.   We are tremendously excited for what’s ahead as we continue our global growth, expand into new markets, accelerate product development and emphasize Axelera AI’s position as the AI industry’s partner of choice to unlock innovation.   Learn more about this exciting milestone in this press release → https://lnkd.in/dhdgFMbC   Fabrizio Del Maffeo, Charles Mander, Evangelos Eleftheriou, Flavio Devide', Olivia Hughes, Jonathan Ferguson, Marco Barbato, Ioannis Koltsidas, Meghna Singh, Hugh Brown, Inder M. Singh Jonathan Ballon, Sander Verbrugge, Cyril Vančura, Massimo Vanzi, Valery Vavilov   #GenerativeAI #ArtificialIntelligence #AI #MachineLearning #Funding #StartupFunding #ComputerVision #VisualAI #VentureCapital #VC

✨ Celebrating 15K Followers! ✨ Thank you for your support and for being part of our community. Looking forward to more milestones ahead. 🍾 🥂 #AI #Followers #lifeatAxeleraAI #artificialintelligence

📽 Check out this video from the 2024 Embedded Vision Summit - Edge AI and Vision Alliance, where Bram-Ernst Verhoef presents our AI and vision technologies. He provides an in-depth overview of our Metis AI Platform and demonstrates the computer vision applications powered by Axelera AI's Metis AIPU accelerators. Watch it here: 👉 https://lnkd.in/d7FrXKy7. Ready to build your next-generation computer vision applications? Order your Metis Evaluation Kit today and accelerate your innovation: 🚀https://lnkd.in/dGshjU5c #AI #EdgeAI #ComputerVision #EmbeddedSystems #Innovation #TechSummit

🚀 Don’t miss out next week! 🚀 Our CEO, Fabrizio Del Maffeo, will deliver an inspiring keynote talk at #ACACES24 in Fiuggi, Italy. He will share his experience and lessons learned in building Axelera AI from an idea to a successful company.   Axelera AI is proud to be the largest AI fabless semiconductor company in Europe, with over 180+ team members across 15 countries, 60+ PhDs, and $120M in investments within just 3 years. Fabrizio will share our journey from the initial idea to where we are today, covering our successes, failures, and the valuable lessons we've learned along the way.   ACACES Summer School, organized by the HiPEAC Network, is celebrating its 20th edition. This prestigious event brings together computer architects and tool builders in the field of high-performance computer architecture and compilation for computing systems. It's a fantastic opportunity to disseminate advanced scientific knowledge and foster international connections among scientists from academia and industry.   Don’t miss out on this insightful keynote! 📍Fiuggi, Italy 🗓️ July 15 🕘 21:00   For more info, visit: https://lnkd.in/ds39YQmb   #AI #Semiconductor #Keynote #TechLeadership #Innovation

🎉Exciting news! Axelera AI has been featured in EE Times | Electronic Engineering Times' Silicon 100: Startups Worth Watching in 2024, under the Edge AI category, for the second year in a row. This recognition reflects our team's efforts in simplifying #EdgeAI. The 24th edition of the Silicon 100 explores the rapid advancements in #AI, the emergence of #chiplets, the groundbreaking potential of #quantum technologies, and much more! ⚡ Thanks to EE Times for this recognition, and a special shout-out to our incredible team, partners, investors, customers and community for their unwavering support. Stay tuned – the best is yet to come! 🚀 Download the free copy here https://lnkd.in/gwuSJ2fQ #TechInnovation #StartupSuccess #FutureTech #QuantumComputing #Silicon100 #Innovation #Technology

👀 Read our latest blog from Bram-Ernst Verhoef and Martino Dazzi about how our quantization methods make the Metis AIPU highly efficient and accurate. To create a high-performing and highly energy-efficient AI processing unit (AIPU) that obsoletes extensive model retraining, our engineers took a radically different approach to data processing. Through unique quantization methods and a proprietary system architecture, Axelera AI can offer the most powerful AI accelerator for the edge you can buy today. In this blog, you can read all about our unique quantization techniques. ➡ https://lnkd.in/d7xPeDTj   #AI #MachineLearning #EdgeComputing #AIAccelerator #Quantization #AIPU #TechInnovation #DeepLearning #ArtificialIntelligence #EnergyEfficiency #AxeleraAI

🎉🎈 Happy 3rd Anniversary, Axelera AI! 🎈🎉 Today marks three years since the founding of Axelera AI. Our journey from an idea to a company has been significant. Here are some key milestones we’ve achieved over the past years: 🌍 Team Expansion: Built a team of 190+ members from 27 nationalities across 18 locations. 💰 Funding: Raised USD 120M in 35 months, demonstrating strong investor confidence in our mission. Our Series B funding round was the largest oversubscribed Series B round in the fabless semiconductor industry in Europe. ⚡ Technology Development: Designed Thetis and Metis, AI processing units for edge devices. 💻 Software Innovation: Developed the Voyager SDK, an AI software stack for both expert and non-expert engineers. 🚀 Early Access Program: Launched an Early Access Program in 17 months, enabling companies to co-design Edge AI solutions on the Metis AI platform, and began shipping to first customers within 26 months. 🔄 Metis Evaluation Kit: Announced the availability of Evaluation kits equipped with the Metis AIPU integrated into an AI Acceleration card and the Voyager Software Development Kit, allowing users to evaluate performance and vision systems using popular AI inference networks. 🤝 Strategic Partnerships: Formed partnerships with SECO, Advantech, Lenovo, and Dell Technologies. 🌟 Market Presence: Achieved market traction with over 1400 innovators. 🏆 Recognition: Recognized by organizations such as EE Times | Electronic Engineering Times, CRN, Tech Tour Growth 50, #CES, Deloitte, and Sifted. Thank you to the Axelera AI team for your dedication and effort. We also appreciate the support from our community, investors, advisors, partners, and clients, which has been essential to our growth. Our mission to democratize artificial intelligence and make it accessible to all continues. We look forward to future achievements and opportunities and will keep making the impossible possible. #AI #ArtificialIntelligence #Innovation #lifeatAxeleraAI

#ICYMI: Axelera AI has raised $68 million in Series B funding to accelerate the development of next-generation artificial intelligence. Learn more about the announcement through some of the top coverage highlights below:⬇️ 🔗 TechCrunch, Kyle Wiggers → https://lnkd.in/dhs4xwHY 🔗 VentureBeat, Shubham Sharma → https://lnkd.in/dsXRuABd 🔗 De Tijd, Wim De Preter → https://lnkd.in/dpVUBcf3 🔗 Milano Finanza, Marco Capponi → https://lnkd.in/d7e5Z5ue 🔗 Het Financieele Dagblad Bert van Dijk → https://lnkd.in/eWZ58Wa8 🔗 SiliconANGLE & theCUBE, Kyt Dotson → https://lnkd.in/deezd8-z 🔗 BNR Nieuwsradio → https://lnkd.in/d-GEihya and podcast → https://lnkd.in/dQUERWrm 🔗 AiThority.Com → https://lnkd.in/d2nwxUGM 🔗 FinSMEs → https://lnkd.in/dVydm6bQ 🔗 eeNews Europe, Nick Flaherty → https://lnkd.in/dUKvgDXa 🔗 Bits&Chips, Nieke Roos → https://lnkd.in/dTymHDBX 🔗 Futuriom, Mary Jander → https://lnkd.in/dJEpcbSM 🔗 Silicon Canals - European Technology News, Vigneshwar Ravichandran → https://lnkd.in/dxSzaV2B 🔗 La Repubblica, Gabriella Rocco → https://lnkd.in/dHyPPBbG 🔗 Innovation Origins NL → https://lnkd.in/eZ2JMjgW 🔗 Tech Tour → https://lnkd.in/dw66W5Hr 🔗 EIC Scaling Club → https://lnkd.in/dDMaqPNw 🔗 Bloomberg News, Debby Wu → Samsung Backs Axelera AI’s $68 Million Series B Funding Round (behind paywall) 🔗 BNN Bloomberg, Jon Erlichman →https://lnkd.in/dPuAGHkR   A big thanks to all the reporters and outlets for their coverage! #AI #ArtificialIntelligence #GenerativeAI #Technology #Innovation #Funding #TechNews

🎧 Tune in to the BNR Nieuwsradio podcast to hear our CFO, Charles Mander, share exciting insights about our successful Series B funding round, where we raised $68 million! 🎙️ Catch the full episode [In Dutch] here: https://lnkd.in/dQUERWrm #AI #artificialintelligence #Funding #Startup #Investment #TechNews #innovation #podcast

Our board member Inder M. Singh recently joined BNN Bloomberg to discuss the transformative power of AI and Axelera AI's unique position in this evolving market. He shared valuable perspectives on AI's long-term impact, our recent Series B fundraise, and strategic insights for investors. Watch the full interview to understand why Axelera AI is at the forefront of AI innovation. 🚀 https://lnkd.in/d2ZypRPU #AI #TechInnovation #BNNBloomberg #AIRevolution #innovation