The facts
Axelera AI at a glance.
Read Oct 20, 2026. Valuations and amounts are copied as each source states them; a figure that is only reported (talks, or people familiar with the deal) is labeled as reported.
- Kind of company
- Chips and AI computersNew chips and systems built to run AI faster or cheaper.
- Based in
- Eindhoven (High Tech Campus address in company site footer; not labelled HQ), Netherlands
- Founded
- 2021IO+, Feb 24, 2026
- Last closed-round valuation
- No valuation reported
- What it has shipped
- Has a product
What it has built
Shipped, or not yet.
“Has a product” is what our search found: something the public can use or buy, a model or API, research only, or nothing public.
Europa, second-generation inference chip (629 TOPS per chip); IO+ says the first Europa-based products are shipping
Source1 round
Funding, as reported.
Every round we found, with the amount, valuation and investors as the source states them.
| When | Round | Amount | Valuation | Investors named | Source |
|---|---|---|---|---|---|
| Feb 24, 2026 | unnamed | more than $250 million (EIC headline says more than €200 million) | Not stated | Innovation Industries (lead), BlackRock, SiteGround Capital, Bitfury, CDP Venture Capital, EIC Fund, SFPIM, Invest-NL, Samsung Catalyst Fund, Verve Investments | IO+ |
Outside checks
What others have found.
- The EU's European Innovation Council Fund invested and says Axelera has 'deployed across more than 500 customers' (figure from the company) (European Innovation Council, Feb 24, 2026)
Our note: Total funding is over $450 million counting equity, grants and venture debt (IO+). No valuation reported in fetched sources. Older and smaller than US peers by valuation; included as the largest EU AI chip round reported.
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