Global Big Data Conference

Netherlands-based chip startup Axelera AI B.V. today announced that it has secured a $27 million early-stage funding round. The Series A investment was led by venture capital firm Innovation Industries. The Federal Holding and Investment Company of Belgium participated as well along with imec.xpand, a venture fund associated with the IMEC nanotechnology research lab. Axelera AI detailed today that it has also secured a $6.7 million loan from the Netherlands Enterprise Agency. Founded in 2021, Axelera AI is developing a chip optimized to run artificial intelligence software at the edge of the network, or outside data centers.