European AI Startup Axelera AI Closes $27 Million Series A - Axelera AI
Summary
The team hails from 11 European countries and includes nearly 70 senior engineers and developers from world-leading AI companies and research centers like Intel, Qualcomm, IBM, and imec. We are excited to take on this responsibility and are determined to strengthen Europes presence in the global AI sector, said Fabrizio del Maffeo, CEO and co-founder of Axelera AI.The funding round was led by Innovation Industries and joined by imec.xpand and the Federal Holding and Investment Company of Belgium (SFPIM). We very much look forward to continuing our support of the company and the team and help them to achieve their ambitious goals by leveraging imec.xpands cross-border, value-add platform and network, said Cyril Vanura, Partner at imec.xpand.SFPIM is delighted to take part in this closing. Imec leverages its state-of-the-art R&D infrastructure and its team of more than 5.000 employees and top researchers, for R&D in advanced semiconductor and system scaling, silicon photonics, artificial intelligence, beyond 5G communications and sensing technologies, and in application domains such as health and life sciences, mobility, industry 4.0, agrofood, smart cities, sustainable energy, and education. Imec unites world-industry leaders across the semiconductor value chain, Flanders-based and international tech, pharma, medical and ICT companies, start-ups, and academia and knowledge centers.