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Axelera AI raises $50M (The Netherlands)

By TechTaffy Desk

Eindhoven-based Axelera AI, a company providing computer vision and Edge AI solutions, has announced the addition of new investors in its Series A round, thereby raising the total amount to $50 million.

New investors include CDP Venture Capital, Verve Ventures, and Fractionelera, the latter being specifically formed to finance Axelera AI. Innovation Industries also amplified its investment, thereby becoming the firm’s largest investor.

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