Tech Company Financing Transactions

Axelera Funding Round

On 6/27/2024, Axelera raised $68 million in Series B funding from CDP Venture Capital, European Innovation Council Fund and Fractionelera.

Transaction Overview

Company Name
Announced On
6/27/2024
Transaction Type
Venture Equity
Amount
$68,000,000
Round
Series B
Proceeds Purpose
The company intends to use the funds to expand operations and its business reach.

Company Information

Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
HTC5, High Tech Campus
Eindhoven, 5656 AE
NL
Phone
Undisclosed
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
Axelera LinkedIn Company Profile
Social Media
Axelera Company Twitter Account
Company News
Axelera News
Facebook
Axelera on Facebook
YouTube
Axelera on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Fabrizio Maffeo
  Fabrizio Maffeo LinkedIn Profile  Fabrizio Maffeo Twitter Account  Fabrizio Maffeo News  Fabrizio Maffeo on Facebook
Chief Technical Officer
Evangelos Eleftheriou
  Evangelos Eleftheriou LinkedIn Profile  Evangelos Eleftheriou Twitter Account  Evangelos Eleftheriou News  Evangelos Eleftheriou on Facebook
Co-Founder
Marco Barbato
  Marco Barbato LinkedIn Profile  Marco Barbato Twitter Account  Marco Barbato News  Marco Barbato on Facebook
Co-Founder
Giuseppe Garcea
  Giuseppe Garcea LinkedIn Profile  Giuseppe Garcea Twitter Account  Giuseppe Garcea News  Giuseppe Garcea on Facebook


 

 

Browse more venture capital transactions:

Prev: 6/27/2024: Li Industries venture capital transaction
Next: 6/27/2024: Hebbia venture capital transaction

 

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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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