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flag European AI chipmaker Axelera AI raised $250 million to boost production of its energy-efficient Europa chip for edge AI devices.

flag European AI chipmaker Axelera AI has raised $250 million in a major funding round led by Innovation Industries, with backing from BlackRock and SiteGround Capital, bringing its total financing since 2021 to over $450 million. flag The company, based in Eindhoven, Netherlands, plans to scale production of its energy-efficient "Europa" inference chip ahead of a June launch and improve software tools. flag Specializing in AI inference—running trained models on devices like smartphones and cameras—Axelera aims to reduce reliance on power-hungry GPUs and support decentralized, sustainable AI processing. flag The investment reflects Europe’s growing push for semiconductor independence and a stronger domestic AI hardware ecosystem.

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