Tech Company Financing Transactions
Axelera Funding Round
Axelera, based in Eindhoven, raised $50 million from CDP Venture Capital, Fractionelera and Innovation Industries.
Transaction Overview
Company Name
Announced On
5/22/2023
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Proceeds Purpose
The company intends to use the funds for global expansion and mass production of its AI acceleration platform, powered by its in-memory computing and RISC-V controlled dataflow technology.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
HTC5, High Tech Campus
Eindhoven, 5656 AE
NL
Eindhoven, 5656 AE
NL
Phone
Undisclosed
Website
Email Address
Overview
We believe in the power of AI to improve our lives. We believe in Artificial Intelligence for good. We have been operating in stealth since late 2019, incubated by the emerging technologies leader Bitfury Group and supported by key industry players. In 2020, we began our work with imec, a world-leading research and innovation centre for nanoelectronics and digital technologies. Our team is led by CEO Fabrizio del Maffeo, Former Head of AI at the Bitfury Group, and advised by the brightest minds in the AI space, hailing from top firms and Fortune 500 companies.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Fabrizio Maffeo
Chief Technical Officer
Evangelos Eleftheriou
Co-Founder
Marco Barbato
Co-Founder
Giuseppe Garcea
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We record every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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