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AI Startup Axelera Raises $27M in Capital to Commercialize its Hardware

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Oct 26 (TechCrunch) - After incubating a startup — Axelera AI — to commercialize their chip technology within the blockchain company Bitfury Group, Del Maffeo and team secured capital from VCs including Imec’s venture arm, Imex.xpand. Innovation Industries led a $27 million Series A in Axelera AI that closed this week with participation from Imec.xpand and the Federal Holding and Investment Company of Belgium. In addition, the Netherland Enterprise Agency awarded Axelera AI a $6.7 million loan commissioned by the Ministry of Economic Affairs and Climate Policy.

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