European AI chip startup Axelera raises additional $250 million
Yahoo Finance·2026-02-24 18:16
AMSTERDAM, Feb 24 (Reuters) - Axelera AI has secured $250 million in a funding round led by Innovation Industries that included BlackRock and SiteGround Capital as new investors, it said on Tuesday, marking one of the largest investments to date in a European AI chipmaking firm. CEO Fabrizio Del Maffeo said in a statement the company would use the money to expand manufacturing of its "Europa" chip, which it plans to launch before June, and to further develop software that makes using its chips easie ...