Ambitious Axelera aiming to bring edge AI to the masses

Spun out of Dutch unicorn Bitfury, Eindhoven-based stealth startup Axelera AI stepped into the spotlight with a €10M seed investment. Leveraging expertise from IBM, Imec, Intel and Qualcomm, the ambitious young company wants to lower the AI threshold for European SMEs by supplying a cost-effective range of plug-and-play products based on its own chip.