# Axelera AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axelera-ai-b-v

- Industry: Semiconductors
- Headquarters: Eindhoven, Netherlands
- Website: www.axelera.ai
- Total disclosed funding: $130M
- Latest round: Series B (Jun 27, 2024)
- Investors on record: 10

## About

Located in the Netherlands, Axelera AI B.V. specializes in advanced AI acceleration hardware to enhance edge inference capabilities, particularly in computer vision applications.Axelera AI B.V. was founded in 2021 in Eindhoven, Netherlands, focusing on delivering high-performance AI solutions. The company was established by a team of experts including Bram-Ernst Verhoef, Evangelos Eleftheriou, Fabrizio Del Maffeo, Ioannis Papistas, Marco Barbato, Martino Dazzi, Milos Stanisavljevic, Riduan Khaddam-Aljameh, and Yi Lu. It has completed a total of 6 deals, with the latest funding round being a Grant of EUR 61.6 mn received on March 6, 2025, from EuroHPC Joint Undertaking, raising the total amount raised to EUR 63.5 mn. Fabrizio Del Maffeo serves as the CEO.Axelera AI primarily offers advanced AI acceleration hardware designed to enhance inference capabilities at the edge, particularly for applications in computer vision. Their flagship product, the Metis AI Processing Unit (AIPU), engineered for high performance and energy efficiency, achieves up to 200 TOPS (Tera Operations Per Second). This unit is integrated into various evaluation systems tailored for specific use cases such as multi-channel video analytics, quality inspection, and people monitoring. The Voyager SDK plays a significant role by simplifying the deployment of deep neural networks on their hardware, facilitating smooth integration into clients’ technological ecosystems. Axelera AI targets markets primarily in Europe and North America, serving a diverse customer base that includes industrial firms and security agencies.Axelera AI generates revenue through direct sales of its AI hardware and software solutions, focusing on B2B transactions. Clients purchase evaluation systems and associated software, with a typical transaction structure involving one-time hardware purchases and potentially ongoing software licenses for the Voyager SDK. This model enables customers to leverage updates and support, positioning Axelera AI's offerings, especially the Metis AIPU, to attract enterprises seeking efficient AI-driven solutions. The company's substantial funding supports its ongoing innovation in the high-performance computing sector.In March 2025, Axelera AI B.V. secured EUR 61.6 mn of grant funding to support its research and development teams in the Netherlands, Italy, and Belgium. The company plans to launch new products designed to enhance its AI hardware capabilities, while also targeting expansion into additional European and North American markets by the end of 2026. The recent funding will facilitate these initiatives, enabling the development of advanced technologies and supporting the growth of their operational footprint. In February 2026, Axelera AI B.V. raised USD 250 million in venture funding led by returning investor Innovation Industries, with participation from other returning investors BitFury Group Limited, CDP Venture Capital, European Innovation Council, Belgium Federal Holding Company, Invest-NL, Samsung Strategy & Innovation Center, and Verve Ventures. New investors BlackRock and SiteGround Capital also participated in the round.

## Funding rounds

- Series B, Jun 27, 2024, $68M — CDP Venture Capital, Samsung Strategy & Innovation Center, Innovation Industries, European Innovation Council, Invest-NL, Verve Ventures, Fractionelera
- Series A, May 22, 2023, $23M — CDP Venture Capital, Innovation Industries, Verve Ventures, Fractionelera
- Series A, Oct 25, 2022, $27M — Belgium Federal Holding Company, Innovation Industries, Imec.xpand
- Seed, Sep 15, 2021, $12M — BitFury Group Limited, Innovation Industries, Imec.xpand

## Investors

- BitFury Group Limited — Seed
- Innovation Industries (https://capitalatlas.ai/funds/innovation-industries) — Seed, Series A, Series B
- Imec.xpand (https://capitalatlas.ai/funds/imec-xpand) — Seed, Series A
- Belgium Federal Holding Company — Series A
- CDP Venture Capital (https://capitalatlas.ai/funds/cdp-venture-capital) — Series A, Series B
- Verve Ventures (https://capitalatlas.ai/funds/verve-ventures) — Series A, Series B
- Fractionelera — Series A, Series B
- Samsung Strategy & Innovation Center (https://capitalatlas.ai/funds/samsung-strategy-innovation-center) — Series B
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Series B
- Invest-NL — Series B