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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 ...