Tech Company Financing Transactions
Axelera Funding Round
Axelera, based in Eindhoven, scored $27 million in investment from Innovation Industries, imec.xpand and SFPI-FPIM.
Transaction Overview
Company Name
Announced On
10/26/2022
Transaction Type
Venture Equity
Amount
$27,000,000
Round
Series A
Investors
Proceeds Purpose
According to the company, the funds will be used to, "support Axelera AI's launch and mass production of its first-generation AI acceleration platform, powered by its disruptive in-memory computing and dataflow.
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
Browse more venture capital transactions:
Prev: 10/25/2022: Bob W venture capital transaction
Next: 10/26/2022: Neon venture capital transaction
Share this article
Where The Data Comes From
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.
Additional Resources for Entrepreneurs