Today Axelera AI, a provider of purpose-built AI hardware for generative AI and computer vision inference at the edge, announced a €61.6 million raise.
Despite the growing AI market, concerns around the performance, cost, efficiency and sustainability of cloud-based solutions are intensifying due to innovations such as reasoning models (i.e. OpenAI-o1 and DeepSeek R1) that require significantly more inference computing than earlier transformer models.
Alexlera AI’s first-generation product was the Metis™ AI platform – a holistic hardware and software solution for Edge AI inference which delivers the world’s highest performance and power-efficiency at a fraction of the cost of alternative solutions.
Today, the Dutch startup also unveiled Titania, a high-performance, low-power and scalable AI inference chiplet. The development of this chiplet builds on Axelera AI’s innovative approach to Digital In-memory Computing architecture, which provides near-linear scalability from the edge to the cloud.
Targeting a deployment date of 2028, Axelera AI’s Titania is engineered to deliver superior throughput and efficiency for data-intensive AI applications and future zetta-scale HPC centres at a competitive price.
“This is an important milestone and validation of our technology. Since Axelera AI was founded in July 2021, we have continuously delivered technologies to help customers tackle the AI industry’s biggest challenges and efficiently implement AI capabilities into their products,” said Fabrizio Del Maffeo, co-founder and CEO at Axelera AI.
“Today, we deliver a cutting-edge hardware and software platform for accelerating computer vision on edge devices at a fraction of the cost and energy consumption of current solutions.
We are grateful to the EuroHPC DARE Project and the countries involved for helping accelerate the development of this groundbreaking AI inference technology for HPC data centres.”
The funding from EuroHPC Joint Undertaking (JU) Digital as part of the Autonomy of RISC-V for Europe (DARE) Project raises its total amount to more than €200 million in just three years.
As part of the DARE consortium, Axelera AI will support the EuroHPC JU and its effort to develop a world-class supercomputing Ecosystem in Europe.
DARE aims to foster the design and development of European processors, accelerators, and related technologies for extreme-scale, high-performance, and emerging applications.
Lead image: Alexera co-founders. Photo: uncredited.
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