Loading...
Market
Axelera AI's first major customer in cloud computing space?
4
Resolution / Starting Odds
AWS • 25%
Google Cloud • 25%
Microsoft Azure • 25%
Other • 25%
Official announcements from Axelera AI or major news outlets
Story
Axelera AI Raises $68M in Europe's Largest Oversubscribed Series B Funding
Jun 27, 2024, 01:16 PM
Axelera AI, a startup specializing in AI processing units for computer vision inference workloads on the edge, has successfully closed an oversubscribed $68 million Series B financing round. This round, noted as Europe's largest oversubscribed Series B funding in the fabless semiconductor industry, brings Axelera's total funding to $120 million. The funds will be used to accelerate the development of next-generation artificial intelligence technologies and broaden their offerings from the edge to the cloud. The AI chip market is currently experiencing significant growth, and Axelera's recent funding highlights the increasing investment in this sector, as reported by TechCrunch.
View original story
Similar markets
Finance • 25%
Healthcare • 25%
Technology • 25%
Other • 25%
Finance • 25%
Healthcare • 25%
Retail • 25%
Other • 25%
Google • 25%
Microsoft • 25%
Meta • 25%
Other • 25%
Google • 25%
Microsoft • 25%
Amazon • 25%
Other • 25%
Microsoft • 25%
Amazon • 25%
IBM • 25%
Other • 25%
Hewlett Packard Enterprise • 25%
IBM • 25%
Lenovo • 25%
Other • 25%
Pfizer • 25%
Moderna • 25%
Johnson & Johnson • 25%
Merck • 25%
Natural Language Processing • 25%
Image/Video Processing • 25%
Scientific Research • 25%
Other • 25%
Google • 25%
Microsoft • 25%
Amazon • 25%
Other • 25%
Yes • 50%
No • 50%
Runway Gen-3 Alpha • 33%
Luma Labs Dream Machine • 33%
OpenAI Sora • 33%