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Axelera AI, a Dutch chipmaker specializing in AI inference chips, has raised over $250 million, led by Innovation Industries and supported by BlackRock and SiteGround Capital. The funding marks the largest ever for an EU AI semiconductor firm, bringing total funding to over $450 million.

Axelera AI focuses on energy-efficient chips for edge devices, aiming to enhance AI deployment while addressing energy consumption and cooling challenges. With 500 customers across various sectors, the company is poised to expand its manufacturing capabilities.