Innovation Industries led a $250m funding round in Axelera AI.

Innovation Industries, a European deep tech venture capital firm, led a $250m funding round in Axelera AI, a provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference, with participation from BlackRock, SiteGround Capital, Bitfury, CDP Venture Capital, European Innovation Council Fund, Federal Holding and Investment Company of Belgium (SFPIM), Invest-NL, Samsung Catalyst Fund, and Verve Ventures. “Data centers are hitting power and cooling limits, and as analytics move closer to where data is being created, edge AI solutions must operate within strict energy and bandwidth constraints. We designed our architecture from the ground up to overcome these obstacles. Our edge-first approach isn’t just about efficiency; it’s about making AI deployment economically viable at scale for real-world applications while protecting data and privacy by processing customer information locally,” Fabrizio Del Maffeo, Axelera AI CEO and Co-Founder.