Axelera AI

🎉Today is an exciting day for Axelera AI! We have announced the successful close of an oversubscribed $68 million Series B financing round - Europe's largest oversubscribed Series B funding round in the fabless semiconductor industry.   🚀 This tremendous milestone is a testament to the growth and success we’ve had as a company. In just three years, we have raised a total of $120 million and have built a world-class team of 180+ employees (including 55+ PhDs with more than 40,000 citations). We have also launched our Metis™ AI Platform, which achieves a 3-5x increase in efficiency and performance, and have visibility into a strong business pipeline exceeding $100 million. This success has attracted diverse global funding from venture capital, sovereign wealth, and pension funds.   We would like to thank the major institutional investors involved in this round, including Invest-NL Deep Tech Fund, the European Innovation Council and SMEs Executive Agency (EISMEA) Fund, Innovation Industries Strategic Partners Fund (backed by Dutch Pension Funds PMT and PME, administered by MN), and Samsung Catalyst Fund, along with existing investors Verve Ventures, Innovation Industries, Fractionelera, and the Italian sovereign fund CDP Venture Capital SGR. We would also like to thank those who contributed to previously raised funds, including the innovation credit from RVO - Netherlands Enterprise Agency , and equity investment from Bitfury, CDP Venture Capital, Federal Holding and Investment Company of Belgium (SFPIM),imec, imec.xpand, and Innovation Industries.   We would also like to thank the entire Axelera AI team. This achievement would not have been possible without our incredible executives, board of directors and employees.   We are tremendously excited for what’s ahead as we continue our global growth, expand into new markets, accelerate product development and emphasize Axelera AI’s position as the AI industry’s partner of choice to unlock innovation.   Learn more about this exciting milestone in this press release → https://lnkd.in/dhdgFMbC   Fabrizio Del Maffeo, Charles Mander, Evangelos Eleftheriou, Flavio Devide', Olivia Hughes, Jonathan Ferguson, Marco Barbato, Ioannis Koltsidas, Meghna Singh, Hugh Brown, Inder M. Singh Jonathan Ballon, Sander Verbrugge, Cyril Vančura, Massimo Vanzi, Valery Vavilov   #GenerativeAI #ArtificialIntelligence #AI #MachineLearning #Funding #StartupFunding #ComputerVision #VisualAI #VentureCapital #VC

🚀 AI is transforming industries, especially at the edge, where low latency, privacy, and affordability are essential.   At Axelera AI, we’re delivering a powerful, efficient, and affordable AI acceleration platform designed for edge devices. Our Metis platform is built for computer vision developers, integrators, software vendors, and OEMs, offering industry-standard form factors and an easy-to-use software stack for seamless development, integration, and deployment.   Ready to accelerate your innovation? Start building next-gen computer vision applications with our Metis Evaluation Kit. 👉 https://lnkd.in/dGshjU5c   #AI #EdgeAI #ComputerVision #Innovation #AxeleraAI #AIAcceleration

We’re pleased to announce that Alexis Crowell has joined Axelera AI as our new Chief Marketing Officer. 🎉   Alexis brings over 20 years of experience, having lived and worked across four continents. Her background spans software engineering, AI and deep learning frameworks, edge computing, and multiple marketing functions. 💫   Most recently, Alexis served as a Vice President and General Manager at Intel Corporation. She led the Technology Solutions, Software, and Services Group in Asia Pacific, where she was responsible for driving growth by delivering technology solutions tailored to customers' needs.   "I'm thrilled to join Axelera AI at such an exciting time in our journey. The team of outstanding technologists have built a revolutionary approach to inference which brings world-class performance per watt to the edge. As an AI optimist, the opportunity to join a team that is delivering a sustainable and cost-optimized solution was one I could not pass up!    We look forward to the expertise Alexis will bring as we continue to grow and innovate at Axelera AI. Please join us in welcoming her to the team! 👏   #newteammembers #lifeatAxeleraAI #AI #leaders #edgeAI

🌟 Proud to Announce that Axelera AI Won an Award at Tech Tour Next Gen Integrated Circuits 2024!🍾   We’re thrilled to share that Axelera AI was selected as one of six winners 🏆 at the Next Gen Integrated Circuits 2024 event, held on October 15-16 in Eindhoven, Netherlands. Hosted by Tech Tour in partnership with PhotonDelta and the EIC Scaling Club, this event brought together over 60 investors and showcased some of the industry’s most innovative companies.   A huge thank to Tech Tour for this honor! Special thanks to our CFO, Charles Mander, for representing us on stage, and to the entire Axelera AI team for their dedication and hard work.   The best is yet to come! 🚀   Read more here: https://lnkd.in/ePHeFg7W   #Innovation #TechTour #IntegratedCircuits #EICScalingClub #AI #AxeleraAI #EdgeAI #TechIndustry #AIaccelerators #Semiconductors #PioneeringAI

🚀 Our next destination: MEDICA - Leading International Trade Fair 2024 in Düsseldorf, Germany! From November 11-14, 2024, we’ll showcase how Axelera AI is accelerating biomedical AI applications with our cutting-edge Metis AI platform. 🌟   Meet our team at the EIC Pavilion (European Innovation Council and SMEs Executive Agency (EISMEA) where Flavio Devide', Bram-Ernst Verhoef, Manuel Botija, and Lukas Adt will be on-site, ready to demo our technology and explore potential collaborations.   📅 Dates: November 11-14, 2024 📍Location: Düsseldorf, Germany 📌Booth: EIC Pavilion, Hall 4, Stand 14A70   We’re excited to connect with you!   For more details, visit: https://lnkd.in/djF85sP   #EICatMEDICA2024 #EUeic #AxeleraAI #MedTech #HealthIT #ArtificialIntelligence #AI #MachineLearning #DeepLearning #MedicalTechnology #Innovation #Healthcare #TechForGood #MedicalImaging #Diagnostics #DigitalHealth #HealthTech

We are excited to be part of the Advantech Europe Booth at this year's SPS – Smart Production Solutions 2024 event! 💫 This event brings together experts and professionals focused on advancing automation with smart and digital solutions. Advantech and its partners will highlight key topics contributing to an Intelligent World, including Integration Services, M2M Intelligence, Industry 5.0, AI, and Cybersecurity. We will present a PCB defect detection demo featuring a model that identifies six types of defects: missing hole, mouse bite, open circuit, short circuit, spur, and spurious copper. The demo will include a live camera stream and dataset showcase, demonstrating how AI can enhance manufacturing processes. 📅 Date: November 12-14, 2024 📍Location: Booth 370, Hall 7, Nuremberg, Germany We look forward to meeting you on-site to discuss our AI solutions for manufacturing. John Wilkins Lukas Adt More info: https://lnkd.in/djVXN24J #SPS2024 #IndustrialEdge #Advantech #DigitalTransformation #Optimize #Automation #Industry5_0 #AI #CyberSecurity #PCBDetection #Sustainability #Manufacturing #AIinManufacturing #Cybersecurity #EdgeComputing #Industry40

Axelera AI is now a member of the Flanders Semiconductors Community. 🤝Flanders Semiconductors is a nonprofit organization that connects companies in the Flanders region focused on semiconductor devices, processing, and manufacturing technologies. By joining this community, Axelera AI will contribute its expertise in AI acceleration solutions and collaborate with other members to support advancements in the semiconductor sector. 🚀 🔗 Learn more about the community here: https://lnkd.in/dSuaEevf #Semiconductors #Innovation #AI #SemiconductorIndustry #TechCommunity #Networking

🚀 Busy and exciting times ahead at Axelera AI, and we're not slowing down! Our next stop is SEMI Europe 2024, co-located with electronicaFair in Munich, Germany, from November 12-15, 2024. Join us at the High Tech NL Semiconductors NL Pavilion Hall C1 - Booth 429.!   Themed "Innovation and Collaboration: Powering Sustainable Exponential Growth", SEMICON Europa 2024 focuses on supporting the European semiconductor ecosystem and its role in driving sustainable growth through cutting-edge innovation and strategic partnerships.   We’ll be demoing our 16-stream setup, featuring two live and 14 pre-recorded streams, powered by YOLOv5s detection and a multi-object tracker. Our demo highlights remarkable throughput with minimal latency on a single Axelera AI accelerator, all with low CPU utilization.   Our team—Giuseppe Garcea, Jaydeep De and Steven Hunsche—will be onsite to discuss our cutting-edge technology and how it’s solving real-world challenges. Looking forward to connecting with industry leaders and innovators. See you there!🤝   📅 November 12-15, 2024 📍Messe München, Germany 🎯NL Pavilion, Hall C1 - Booth 429   More info https://lnkd.in/dnYKZh2   #SEMICONEuropa #AIAcceleration #EdgeAI #Semiconductors #Innovation #AxeleraAI #AI #ArtificialIntelligence #ComputerVision

Wrapping up a productive week at GITEX GLOBAL Largest Tech & Startup Show in the World 2024! Thank you to our customers, partners, and everyone who visited us and showed interest in our company, particularly the Metis AI Platform. We'd also like to thank those attending the panel discussion of our CEO Fabrizio Del Maffeo at Expand North Star: AI Future Unicorns: Market Saturation, Competition, and Barriers to Entry – Monopoly Play and Dominance – Who Survives? Next, you can find us at:  ➡️ MEDICA - Leading International Trade Fair 2024 | November 11-14 | Düsseldorf, Germany ➡️ SEMI Europe 2024 | November 12-15 | Munich, Germany ➡️ Super Computing 2024 -SC Conference Series | November 17-22 | Atlanta, US We look forward to connecting with you at these events. #AI #MachineLearning #TechInnovation #ArtificialIntelligence #EUatGITEX2024 #TechTrends #Innovation #DeepLearning #ComputerVision #SmartTech #EdgeComputing #Robotics #EICScalingClub #EUeic

Our CTO, Evangelos Eleftheriou, will participate in the Company Short Pitches session at the EIC Scaling Club – Scale 100 Forum next week!   📅 When: Tuesday, October 22 at 9 AM 📍Where: National Bank of Greece, 86 Aiolou Str., 10559, Athens, Greece   The Scale 100 Forum is the second event in the EIC Scaling Club's two-year journey, bringing together Europe's top VCs, corporates, EIC representatives, visionary mentors, industry experts, policymakers, and 120 selected companies from 10 market groups. This is a fantastic opportunity to foster meaningful connections and revolutionize the scale-up ecosystem in Europe. Don’t miss out on our presentation and networking opportunities! 🚀 Evangelos Eleftheriou and Hugh Brown will be on-site, ready to discuss our company, our latest AI innovations and connect with industry leaders. Don’t miss out on the chance to network!   For more info on the event: https://lnkd.in/ejcGJzDP #ArtificialIntelligence #Innovation #EICScalingClub #AIInnovation #Networking #TechInnovation #AI #VentureCapital #Startup