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Axelera AI

Hardware · Eindhoven, NL

Energy-efficient edge-first AI chips for inference outside the cloud.

Founders

Fabrizio Del Maffeo (Italy · ♂) — A Politecnico di Milano telecom engineer who ran AI at Bitfury and led AAEON's edge-computing arm, he co-founded Axelera AI in 2021 to build powerful edge-AI chips for European tech sovereignty.
Evangelos Eleftheriou (Greece · ♂) — An IBM Fellow with over 35 years at IBM Research Zurich and 160+ patents, introduced to Del Maffeo via an ETH professor, he co-founded Axelera AI as CTO to realize in-memory computing.

Shares the most investors with (number = shared investors):

Date	Round	Amount
Feb 2026	Funding round The Netherlands' Axelera AI raised over $250 million led by Innovation Industries, with BlackRock and Samsung Catalyst Fund, for its edge AI chips, surpassing $450 million in total funding.	$250M
Jun 2024	Funding round Axelera AI, an Eindhoven AI-chip maker, raised $68M from Innovation Industries, Invest-NL, the EIC and Samsung.	$68M
May 2023	Series A Axelera AI added new investors to its oversubscribed Series A, bringing total raised to $50M; Innovation Industries became largest investor, with Verve Ventures and CDP Venture Capital.	$50M
Oct 2022	Series A Eindhoven-based Axelera AI raised a USD27M Series A led by Innovation Industries, with imec.xpand and SFPIM, plus a EUR6.7M Innovation Credit from RVO.	$27M
Sep 2021	Seed Eindhoven AI-semiconductor startup Axelera AI raised a USD 12M seed round led by Bitfury, exiting stealth.	$12M

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