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.

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