positive
European AI-chip firm Axelera AI expands edge-AI push after raising €60 million
Axelera AI, a European chip company focused on edge-AI inference, has secured €61.6 million in funding through a public grant to build its next-generation Metis AI chiplet. The funding supports high-performance, low-power AI for edge devices, robotics, and industrial workloads.
The company’s ambition highlights a broader drive in Europe to build sovereign AI infrastructure, reducing dependence on US-based cloud providers.
Companies:
- Axelera AI
Tags:
- ai
- technology
En• By Harsh Ranjan
Explore:Mutual Fund AI Screening
positive
European AI-chip firm Axelera AI expands edge-AI push after raising €60 million
Axelera AI, a European chip company focused on edge-AI inference, has secured €61.6 million in funding through a public grant to build its next-generation Metis AI chiplet. The funding supports high-performance, low-power AI for edge devices, robotics, and industrial workloads.
The company’s ambition highlights a broader drive in Europe to build sovereign AI infrastructure, reducing dependence on US-based cloud providers.
Companies:
- Axelera AI
Tags:
- ai
- technology
En• By Harsh Ranjan
Explore:Mutual Fund AI Screening
1 min read
59 words
Axelera AI raises €61.6M to scale its AI chip technology for edge computing, boosting European AI sovereignty.
Axelera AI, a European chip company focused on edge-AI inference, has secured €61.6 million in funding through a public grant to build its next-generation Metis AI chiplet. The funding supports high-performance, low-power AI for edge devices, robotics, and industrial workloads.
The company’s ambition highlights a broader drive in Europe to build sovereign AI infrastructure, reducing dependence on US-based cloud providers.
Axelera AI, a European chip company focused on edge-AI inference, has secured €61.6 million in funding through a public grant to build its next-generation Metis AI chiplet. The funding supports high-performance, low-power AI for edge devices, robotics, and industrial workloads.
The company’s ambition highlights a broader drive in Europe to build sovereign AI infrastructure, reducing dependence on US-based cloud providers.
Companies:
- Axelera AI
Tags:
- ai
- technology
- ai
- technology
- chips
- europe
- startup