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European AI chipmaker Axelera AI raised $250 million to boost production of its energy-efficient Europa chip for edge AI devices.
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.
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.
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.
The investment reflects Europe’s growing push for semiconductor independence and a stronger domestic AI hardware ecosystem.
El fabricante europeo de chips de IA, Axelera AI, recaudó 250 millones de dólares para impulsar la producción de su chip Europa de eficiencia energética para dispositivos de IA de vanguardia.