VentureBeat June 27, 2024
Nvidia leads the age of AI hardware. The company’s high-performance GPUs are being used by some of the biggest technology companies in the world to power the training and inference for some very large models.
But, as the Jensen Huang-led giant continues to thrive, a batch of smaller AI hardware companies has also come to the fore, targeting specific niches within the domain. Today, one such startup hailing from the Netherlands, Axelera AI, announced it has $68 million in series B funding.
Axelera is building solutions powered by AIPUs or AI processing units to run computer vision inference workloads on the edge. The investment in the startup marks Europe’s largest Series B round in the fabless semiconductor category and has...
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