AI chip startup Axelera lands $27M in capital to commercialize its hardware

Several years ago, Fabrizio Del Maffeo and a core team from Imec, a Belgium-based nanotechnology lab, teamed up with Evangelos Eleftheriou and a group of researchers at IBM Zurich Lab to develop a computer chip. Unlike conventional chips, theirs was destined for devices at the edge, particularly those running AI workloads, because Del Maffeo and the rest of the team perceived that most offline, at-the-edge computing hardware was inefficient and expensive.
After incubating a startup — Axelera AI — to commercialize their chip technology within the blockchain company Bitfury Group, De

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