Fundz

Ai Chip Startup Axelera Lands $27M In Capital To Commercialize Its Hardware

Oct 25, 2022

Amount Raised

$27 Million

Round Type

Funding Round

HardwareSoftwareArtificial Intelligence

Description

Several years ago, Fabrizio Del Maffeo and a core team from Imec, a Belgium-based nanotechnology lab, teamed up with Evangelos Eleftheriou and a group of researchers at IBM Zurich Lab to develop a computer chip. Unlike conventional chips, theirs was destined for devices at the edge, particularly those running AI workloads, because Del Maffeo and the rest of the team perceived that most offline, at-the-edge computing hardware was inefficient and expensive.

Quick answer

Axelera AI raised $27 Million in a Funding Round round, dated October 25, 2022.

How much did Axelera AI raise?
Axelera AI raised $27 Million in a Funding Round round on October 25, 2022.
What does Axelera AI do?
Axelera AI delivers an AI-native game-changing hardware and software platform to accelerate artificial intelligence.
Where is Axelera AI based and how big is it?
Fundz records about 220 employees.
Who are the decision-makers at Axelera AI?
Fundz holds 1 contact at Axelera AI. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Hardware and Software around the same time

Companies in the same sectors as Axelera AI that raised within 45 days of this round, from Fundz verified event records.

  • Fathom raised $46M on November 4, 2022.
  • Seek AI raised $5.2M on December 8, 2022.
  • Gaia AI raised $3M (Seed) on December 7, 2022.
  • Second Front Systems raised $32M (Series A) on December 7, 2022.
  • Chattermill raised $26M (Funding Round) on December 6, 2022.
  • Accacia raised $2.5M (Seed) on December 6, 2022.

Who to call at Axelera AI, and when

A new round usually means Axelera AI is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Axelera AI raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Axelera AI, from your own LinkedIn network

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Company Information

Company

Axelera AI

Location

HTC5, High Tech Campus

About

Axelera AI delivers an AI-native game-changing hardware and software platform to accelerate artificial intelligence. Headquartered in the AI Innovation Center of the High Tech Campus in Eindhoven, Axelera AI has R&D offices in Belgium, Switzerland, UK and Italy and operations in 15 European countries . Its team of experts in AI software and hardware hail from top AI firms and Fortune 500 companies.

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Fundz sees it the moment Axelera AI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Axelera AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.