Axelera AI

The Deep Tech Fund of Invest-NL announces a strategic investment of €15 million in Axelera AI, a leading provider of specially designed edge AI chips. This funding is part of a Series B funding round of over €63 million, bringing Axelera AI's total raised amount to more than €111 million. The investment is intended to scale up the commercial development of Axelera AI and aligns with strategic European initiatives, including the EU Chips Act and the AI strategy.