Eindhoven-based startup Axelera has raised $68mn as it looks to take its AI chip business global. One of the lead investors is Samsung Catalyst, the venture arm of semiconductor giant Samsung Electronics. Axelera is developing chips, known as AI processing units (AIPUs), that enable computer vision and generative AI in devices like robots and drones. The chips facilitate so-called edge AI — when AI models are deployed inside devices, instead of linking to them via the cloud. Axelera builds the AIPUs as well as the software that runs them. Dubbed Metis, the startup claims that it is the world’s most powerful…
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