Axelera's platform, Metis, combines hardware and software to handle computer vision inference at the edge, balancing performance, efficiency, and ease of use. The company is currently shipping Metis evaluation kits to enterprises and plans to take the platform into full production for widespread deliveries. As part of its growth strategy, Axelera aims to expand to North America, Europe, and the Middle East, focusing on sectors such as automotive, digital healthcare, Industry 4.0, retail, robots & drones, and surveillance.
Key takeaways:
- Axelera AI, a Netherlands-based startup, has raised $68 million in series B funding to build solutions powered by AI processing units for computer vision inference workloads on the edge.
- The funding round, led by major institutional backers including Invest-NL Deep Tech Fund and Samsung Catalyst Fund, is Europe’s largest Series B round in the fabless semiconductor category.
- Axelera AI plans to use the funding to expand its AIPU solutions to new geographies and markets, and to develop new products to address the computing needs of next-generation AI workloads.
- The company is currently shipping Metis evaluation kits to enterprises and plans to take the platform into full production for widespread deliveries, with a business pipeline of over $100 million.