Articles from Axelera AI

Axelera AI, the leading provider of purpose-built AI hardware acceleration technology, today announced the expansion of its leadership team with three key executive additions: Marta Ostroumoff joins the company as Chief Financial Officer, Eke Bijzitter has been appointed Head of Legal, while current CMO Alexis Crowell will expand her scope, adding General Manager of the Americas to her responsibilities. These new appointments come as Axelera AI recently secured new grants and ramps up global operations to meet increasing customer demand for its high performance, energy efficient Metis AI processor unit platform.

Axelera AI, the leading provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference at the edge, today launched the Axelera Partner Accelerator Network, a global partner program designed to accelerate the development of customer-ready solutions at the edge using Axelera technology. The program will provide training, co-marketing and technical support for a broad range of partners, creating a rich ecosystem of solution providers for customers in a variety of markets who want to transition proof-of-concept (POC) edge AI inference projects into full production. Founding partners include Aetina, Arduino, Astute, C&T Solution, Eurocomposant, Macnica ATD Europe, Rutronic, Seco, and Silicon Applications Group Corp (a member of WPG Holdings).

What's new: Axelera AI, the leading provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference at the edge, unveiled Titania™, a high-performance, energy efficient and scalable AI inference chiplet. The development of this chiplet builds on Axelera AI’s innovative approach to Digital In-Memory Computing (D-IMC) architecture, which provides near-linear scalability from the edge to the cloud. To support this development, Axelera AI is receiving up to €61.6 million in funding from the EuroHPC Joint Undertaking (JU) and member states as part of the Digital Autonomy with RISC-V for Europe (DARE) Project. This new funding follows the successful close of an oversubscribed $68 million Series B financing round, bringing the total amount raised by Axelera AI to more than $200 million USD in just three years.

Axelera AI, the leading provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference, today announced its successful close of an oversubscribed $68 million Series B financing round, bringing the total amount raised to $120 million. In just three years, Axelera AI has built a world-class team of 180+ employees (including 55+ PhD’s with more than 40,000 citations), launched its Metis™ AI Platform which achieves a 3-5x increase in efficiency and performance, and has visibility into a strong business pipeline which exceeds $100 million. This success has attracted diverse, global funding from venture capital, sovereign wealth and pension funds.

Axelera AI, provider of world’s most powerful and advanced solutions for AI at the Edge, today announced Inder Singh, former Chief Financial Officer of Arm, has been appointed as the newest member of the Axelera AI Board of Directors effective immediately. With Singh’s appointment, the Axelera AI Board of Directors builds upon its already impressive group of members with previous experience within organizations such as Intel, Cisco, Bitfury, Innovation Industries, CDP Venture Capital and others. Singh’s experience in corporate strategy and development complements the board’s expertise.

Axelera AI, provider of world’s most powerful and advanced solutions for AI at the Edge, today announced the first shipment of its Metis™ AI Platform to its Early Access Program customers. The shipment, coming just 8 months after the product was taped out, underscores the company’s focus on rapidly providing access to advanced Edge AI-native hardware and software solutions for companies of all sizes across a range of market verticals, from industrial manufacturing to smart retail solutions. To learn more about Axelera AI at the AI Hardware & Edge AI Summit, click here.

Axelera AI, provider of the world’s most powerful and advanced solutions for AI at the Edge, today announced significant technology advancement and customer adoption. Following the unveiling of the company’s Early Access Program and first product shipment, Axelera AI customers can soon use state-of-the-art AI inference processing with YOLO (“You Only Look Once”) Neural Networks for Edge AI Computer Vision applications, with unmatched performance, opening up unprecedented opportunities for Edge deployment with the industry-defining Metis™ AI Platform. The solution was recently named a CES 2024 Innovation Awards Honoree and is being showcased this week at CES 2024 in Las Vegas, Nevada.

Axelera AI, the provider of the world’s most powerful and advanced solutions for AI at the Edge, announces new investors who have joined their oversubscribed Series A round, bringing the total amount raised to $50 million. In the last several months, CDP Venture Capital, Verve Ventures and Fractionelera have joined the round. The latter consortium of investors was created specifically to fund Axelera AI. Innovation Industries increased its investment in the company becoming the largest investor. Despite the challenging fundraising environment, this underscores the company's potential and market traction.

Axelera AI, the provider of world’s most powerful and advanced solutions for AI at the Edge today announces a strategic partnership with Advantech. Combining Advantech’s expertise in the embedded and industrial PCs and Axelera AI’s disruptive edge AI technology, together they will bring the inference power of a data center to edge devices, enabling customers to process data in real-time, reducing latency while increasing efficiency.

European artificial intelligence (AI) startup Axelera AI announced today its Metis AI Platform, encompassing the MetisTM AI Processing Unit (AIPU) chip and the VoyagerTM SDK software stack – available as cards, boards, and vision systems – to accelerate computer vision processing at the edge.

European AI startup Axelera AI announced today the close of its $27 million Series A investment round.

AI semiconductor startup Axelera AI announced today that it has successfully closed a seed investment round of $12 million.