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European AI-chip firm Axelera AI expands edge-AI push after raising €60 million
Axelera AI raises €61.
Axelera AI, a European chip company focused on edge-AI inference, has secured €61.6 million in funding through a public grant to build its next-generation Metis AI chiplet. The funding supports high-performance, low-power AI for edge devices, robotics, and industrial workloads.
The company’s ambition highlights a broader drive in Europe to build sovereign AI infrastructure, reducing dependence on US-based cloud providers.