Axelera AI raised $68 million in a Series B funding round to accelerate next-generation artificial intelligence.
Amount Raised
$68 Million
Round Type
Series B
Investors
Description
Axelera AI has successfully closed an oversubscribed $68 million Series B financing round, bringing the total amount raised to $120 million. The company has attracted diverse, global funding from venture capital, sovereign wealth and pension funds, and the funding round is Europe’s largest oversubscribed Series B funding round in the fabless semiconductor industry.
Quick answer
Axelera AI raised $68 Million in a Series B round, dated June 27, 2024. Investors: Imec.Xpand, Imec, Federal Holding And Investment Company Of Belgium (Sfpim), CDP Venture Capital, Bitfury, Dutch Pension Funds Pmt And Pme, Italian Sovereign Fund Cdp Venture Capital Sgr and Fractionelera.
- How much did Axelera AI raise?
- Axelera AI raised $68 Million in a Series B round on June 27, 2024.
- Who invested in Axelera AI?
- Imec.Xpand, Imec, Federal Holding And Investment Company Of Belgium (Sfpim), CDP Venture Capital, Bitfury, Dutch Pension Funds Pmt And Pme, Italian Sovereign Fund Cdp Venture Capital Sgr and Fractionelera are named as investors in this round.
- 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.
- Bendi Software raised $1M (Seed) on August 9, 2024.
- Contextual AI raised $80M (Series A) on August 9, 2024.
- Userled raised $5.1M (Pre-Seed) on August 9, 2024.
- OW Smell Made Digital raised $2.8M (Pre-Series A) on August 8, 2024.
- Harmonic AI raised $50M (Funding Round) on August 8, 2024.
- Anduril raised $1.5B (Series F) on August 8, 2024.
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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Funding Insights
What this usually meansAxelera 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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