Axelera AI, an Eindhoven-based AI semiconductor startup, has exited stealth mode and announced that it raised $12M (approx €10.16M) in its Seed round of funding. The company says it is developing a “game-changing” hardware and software platform for AI.
Incubated by Bitfury Group
The current round was led by Amsterdam-based Bitfury, a blockchain unicorn. Founded in 2011, Bitfury claims to be building solutions for the future, with significant technologies of the millennium. “Our mission is to make the world more transparent and trusted by innovating at every level of technology – hardware, security, and software – to put trust back into the equation.”