Last Updated: 7 March 2025
Axelera AI has secured up to €61.6 million in funding from the EuroHPC Joint Undertaking (JU) and participating member states.
This funding supports the development of Titania™, a high-performance, scalable AI inference chiplet leveraging Digital In-Memory Computing (D-IMC) technology.
The investment aligns with the Digital Autonomy with RISC-V for Europe (DARE) Project, aimed at strengthening Europe's supercomputing capabilities. This follows Axelera AI’s recent $68 million Series B round, bringing its total funding to over $200 million in just three years.
As a key player in the DARE consortium, Axelera AI contributes to EuroHPC JU’s mission of developing a world-class European supercomputing ecosystem. DARE fosters innovation in European processors and accelerators for high-performance computing (HPC), emerging AI applications, and extreme-scale workloads.
“Our D-IMC technology leverages a future-proof, scalable multi-AI-core architecture, ensuring unparalleled adaptability and efficiency. Enhanced with proprietary RISC-V vector extensions, this versatile mixed-precision platform is engineered to excel across diverse AI workloads."
Evangelos Eleftheriou, CTO and co-founder of Axelera AI
The AI industry is expanding at a 28%+ CAGR, with a growing demand for more efficient inference processing. As AI models evolve, requiring greater computational power, solutions like Titania will play a crucial role in supporting next-generation AI applications and zetta-scale HPC centers.
Axelera AI plans to use the newly acquired funds to expand its R&D teams in the Netherlands, Italy, and Belgium. With a focus on delivering high-throughput and energy-efficient solutions, the company aims to drive the adoption of AI across industries while maintaining cost-effectiveness.
Titania’s chiplet-based architecture integrates D-IMC technology and RISC-V capabilities to address the increasing demand for scalable AI solutions across HPC, enterprise data centers, robotics, and automotive sectors.
By enabling near-linear scalability without excessive power consumption, the technology bridges the gap between edge and cloud AI deployment.
Since its founding in July 2021, Axelera AI has rapidly gained traction in AI hardware innovation. The company’s Metis™ AI platform, a pioneering hardware-software solution for edge AI inference, already delivers industry-leading performance and energy efficiency at a fraction of the cost of traditional solutions.
“This is an important milestone and validation of our technology. Since Axelera AI was founded, we have continuously delivered technologies to help customers tackle the AI industry’s biggest challenges.”
Fabrizio Del Maffeo, Co-Founder and CEO of Axelera AI
Axelera AI’s growing portfolio positions it as a key player in AI inference acceleration, ensuring businesses can integrate advanced AI capabilities efficiently and cost-effectively.
Axelera AI has garnered strong investor support, with previous funding rounds attracting major backers. This latest funding milestone from the EuroHPC JU reinforces confidence in its long-term vision for AI acceleration technology.
“I am proud to announce the launch of the DARE project, which marks a significant milestone for European digital sovereignty. This ambitious initiative will drive innovation in both hardware and software technologies.”
Anders Jensen, EuroHPC JU Executive Director
With Titania set to launch in 2028, Axelera AI continues to push the boundaries of AI computing, ensuring Europe remains at the forefront of next-generation AI and supercomputing advancements.
