Axelera Gains $68M Funding to Challenge Nvidia in Edge AI Chip Market

Thursday, 27 June 2024, 16:17

Axelera secures a significant $68M investment to advance their Metis edge AI platform, promising a remarkable five-fold boost in efficiency and performance for businesses. The funding aims to accelerate the development and adoption of these cutting-edge AI chips, positioning Axelera as a key player in the highly competitive landscape of edge computing.
VentureBeat
Axelera Gains $68M Funding to Challenge Nvidia in Edge AI Chip Market

Axelera Raises $68M for Metis Edge AI Chips

Axelera, a tech startup, has secured a substantial $68M investment to further develop its edge AI platform, Metis.

Enhanced Efficiency and Performance

  • Five-fold increase in efficiency and performance
  • Targeting enterprises for adoption

The funding is set to drive innovation and competition against established players in the market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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