Axelera AI valuation, funding and investors
Axelera AI works in AI hardware acceleration solutions, based in Eindhoven, Netherlands. Founded in 2021, it has about 295 employees.
- Last round
- Series C · $250M · Feb 2026
- Valuation at last round
- $1.63B · implied
- Headcount
- 296 · up
- Grade
- B
- Founded
- 2021
Axelera AI valuation today
VCMC values Axelera AI at $2.0B today, with a range of $1.2B to $3.1B and a grade of B. The valuation starts from its last funding round, a Series C round in Feb 2026.
Valuation by date (75 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2021 | $10.5M | $3.83M – $28.9M | $11.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2021 | $10.6M | $3.86M – $29.1M | $11.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2021 | $10.7M | $3.89M – $29.4M | $11.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2021 | $10.8M | $3.93M – $29.6M | $12.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2021 | $10.9M | $3.96M – $29.9M | $12.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2021 | $11.0M | $4.00M – $30.2M | $12.1M (+10%) | before first round | – | unknown | D | 0% |
| 1 Jul 2021 | $11.1M | $4.03M – $30.4M | $12.2M (+10%) | before first round | – | unknown | D | 0% |
| 1 Aug 2021 | $11.2M | $4.07M – $30.7M | $12.3M (+10%) | before first round | – | unknown | D | 0% |
| 1 Sep 2021 | $11.3M | $4.11M – $31.0M | $12.4M (+10%) | before first round | – | unknown | D | 0% |
| 17 Sep 2021 | $61.3M | $40.2M – $186M | $122M (+100%) | after a round | – | unknown | C | 0% |
| 1 Oct 2021 | $62.9M | $40.2M – $186M | $122M (+94%) | after a round | – | unknown | C | 0% |
| 1 Nov 2021 | $66.7M | $40.2M – $186M | $122M (+83%) | after a round | – | unknown | C | 0% |
| 1 Dec 2021 | $70.7M | $40.2M – $186M | $122M (+73%) | after a round | – | unknown | C | 0% |
| 1 Jan 2022 | $74.9M | $40.2M – $186M | $122M (+63%) | after a round | – | unknown | C | 0% |
| 1 Feb 2022 | $79.5M | $40.2M – $186M | $122M (+54%) | after a round | – | unknown | C | 0% |
| 1 Mar 2022 | $83.8M | $40.2M – $186M | $122M (+46%) | after a round | – | unknown | C | 0% |
| 1 Apr 2022 | $88.9M | $40.2M – $186M | $122M (+38%) | after a round | 44 | unknown | C | 0% |
| 1 May 2022 | $94.1M | $40.2M – $186M | $122M (+30%) | after a round | 44 | unknown | C | 0% |
| 1 Jun 2022 | $99.8M | $40.2M – $186M | $122M (+23%) | after a round | 44 | unknown | C | 0% |
| 1 Jul 2022 | $106M | $40.2M – $186M | $122M (+16%) | after a round | 44 | unknown | C | 0% |
| 1 Aug 2022 | $112M | $40.2M – $186M | $122M (+9%) | after a round | 44 | unknown | C | 0% |
| 1 Sep 2022 | $119M | $40.2M – $186M | $122M (+3%) | after a round | 44 | unknown | C | 0% |
| 1 Oct 2022 | $122M | $39.2M – $186M | $122M (0%) | after a round | 44 | unknown | C | 0% |
| 1 Nov 2022 | $122M | $37.3M – $186M | $122M (0%) | after a round | 44 | unknown | C | 0% |
| 1 Dec 2022 | $122M | $35.5M – $186M | $122M (0%) | after a round | 44 | unknown | C | 0% |
| 1 Jan 2023 | $122M | $40.8M – $186M | $122M (0%) | after a round | 100 | growing | C | 0% |
| 1 Feb 2023 | $122M | $41.0M – $186M | $122M (0%) | after a round | 100 | growing | C | 0% |
| 1 Mar 2023 | $122M | $41.1M – $186M | $122M (0%) | after a round | 100 | growing | C | 0% |
| 1 Apr 2023 | $122M | $41.3M – $186M | $122M (0%) | after a round | 100 | growing | C | 0% |
| 1 May 2023 | $122M | $41.5M – $186M | $122M (0%) | after a round | 100 | growing | C | 0% |
| 23 May 2023 | $217M | $153M – $554M | $390M (+80%) | after a round | 100 | growing | C | 0% |
| 1 Jun 2023 | $220M | $153M – $554M | $390M (+77%) | after a round | 100 | growing | C | 0% |
| 1 Jul 2023 | $231M | $153M – $554M | $390M (+69%) | after a round | 100 | growing | C | 0% |
| 1 Aug 2023 | $243M | $153M – $554M | $390M (+61%) | after a round | 100 | growing | C | 0% |
| 1 Sep 2023 | $255M | $153M – $554M | $390M (+53%) | after a round | 100 | growing | C | 0% |
| 1 Oct 2023 | $268M | $153M – $554M | $390M (+46%) | after a round | 130 | growing | C | 0% |
| 1 Nov 2023 | $282M | $153M – $554M | $390M (+38%) | after a round | 130 | up | C | 0% |
| 1 Dec 2023 | $296M | $153M – $554M | $390M (+32%) | after a round | 130 | up | C | 0% |
| 1 Jan 2024 | $311M | $153M – $554M | $390M (+26%) | after a round | 130 | up | C | 0% |
| 1 Feb 2024 | $334M | $158M – $571M | $403M (+21%) | after a round | 150 | growing | C | 0% |
| 1 Mar 2024 | $355M | $160M – $580M | $408M (+15%) | after a round | 160 | growing | C | 0% |
| 1 Apr 2024 | $374M | $160M – $580M | $408M (+9%) | after a round | 160 | growing | C | 0% |
| 1 May 2024 | $394M | $160M – $580M | $408M (+4%) | after a round | 160 | growing | C | 0% |
| 1 Jun 2024 | $408M | $161M – $580M | $408M (0%) | after a round | 160 | growing | C | 0% |
| 28 Jun 2024 | $434M | $305M – $923M | $650M (+50%) | after a round | 160 | growing | B | 0% |
| 1 Jul 2024 | $435M | $305M – $923M | $650M (+49%) | after a round | 160 | growing | B | 0% |
| 1 Aug 2024 | $451M | $305M – $923M | $650M (+44%) | after a round | 190 | growing | B | 0% |
| 1 Sep 2024 | $466M | $305M – $923M | $650M (+39%) | after a round | 190 | growing | B | 0% |
| 1 Oct 2024 | $482M | $305M – $923M | $650M (+35%) | after a round | 190 | growing | B | 0% |
| 1 Nov 2024 | $501M | $309M – $933M | $658M (+31%) | after a round | 200 | growing | B | 0% |
| 1 Dec 2024 | $519M | $309M – $933M | $658M (+27%) | after a round | 200 | growing | B | 0% |
| 1 Jan 2025 | $537M | $309M – $933M | $658M (+22%) | after a round | 200 | growing | B | 0% |
| 1 Feb 2025 | $557M | $309M – $933M | $658M (+18%) | after a round | 200 | growing | B | 0% |
| 1 Mar 2025 | $575M | $309M – $933M | $658M (+14%) | after a round | 200 | growing | B | 0% |
| 1 Apr 2025 | $595M | $309M – $933M | $658M (+10%) | after a round | 200 | growing | B | 0% |
| 1 May 2025 | $616M | $309M – $933M | $658M (+7%) | after a round | 200 | up | B | 0% |
| 1 Jun 2025 | $638M | $309M – $933M | $658M (+3%) | after a round | 200 | up | B | 0% |
| 1 Jul 2025 | $674M | $317M – $956M | $674M (0%) | after a round | 223 | growing | B | 0% |
| 1 Aug 2025 | $675M | $321M – $958M | $675M (0%) | after a round | 225 | growing | B | 0% |
| 1 Sep 2025 | $678M | $327M – $961M | $678M (0%) | after a round | 229 | growing | B | 0% |
| 1 Oct 2025 | $655M | $268M – $929M | $655M (0%) | after a round | 196 | flat | C | 0% |
| 1 Nov 2025 | $655M | $257M – $929M | $655M (0%) | after a round | 196 | flat | C | 0% |
| 1 Dec 2025 | $685M | $312M – $971M | $685M (0%) | after a round | 240 | up | B | 0% |
| 1 Jan 2026 | $685M | $311M – $971M | $685M (0%) | after a round | 240 | up | B | 0% |
| 1 Feb 2026 | $685M | $309M – $971M | $685M (0%) | after a round | 240 | up | B | 0% |
| 25 Feb 2026 | $1.6B | $1.1B – $3.0B | $2.1B (+30%) | after a round | 240 | up | B | 0% |
| 1 Mar 2026 | $1.6B | $1.1B – $3.0B | $2.1B (+30%) | after a round | 240 | up | B | 0% |
| 1 Apr 2026 | $1.7B | $1.1B – $3.0B | $2.1B (+27%) | after a round | 257 | up | B | 0% |
| 1 May 2026 | $1.7B | $1.2B – $3.0B | $2.1B (+25%) | after a round | 273 | growing | B | 0% |
| 1 Jun 2026 | $1.7B | $1.2B – $3.0B | $2.1B (+22%) | after a round | 273 | up | B | 0% |
| 1 Jul 2026 | $1.8B | $1.2B – $3.0B | $2.1B (+20%) | after a round | 273 | up | B | 0% |
| 1 Aug 2026 | $1.8B | $1.2B – $3.1B | $2.2B (+18%) | after a round | 287 | up | B | 0% |
| 1 Sep 2026 | $1.9B | $1.2B – $3.1B | $2.2B (+15%) | after a round | 287 | up | B | 0% |
| 1 Oct 2026 | $1.9B | $1.2B – $3.1B | $2.2B (+12%) | after a round | 296 | up | B | 0% |
| 24 Oct 2026 | $2.0B | $1.2B – $3.1B | $2.2B (+10%) | after a round | 296 | up | B | 0% |
Key facts about Axelera AI
- Founded
- 2021
- Headquarters
- Eindhoven, Netherlands
- Employees
- about 295 +51% in a year
- Total raised
- $444M
- Funding rounds
- 5
- Last round
- Series C Feb 2026
Axelera AI was founded in 2021 by Evangelos Eleftheriou and Fabrizio Del Maffeo.
Axelera AI funding history
Axelera AI has 5 funding rounds on record, from Sep 2021 to Feb 2026, $444M in total. None disclosed a valuation.
Series C 24 Feb 2026
Led by Innovation Industries; with BlackRock, SiteGround Capital, Bitfury, CDP Venture Capital, European Innovation Council Fund, Federal Holding and Investment Company, Invest-NL, Samsung Catalyst Fund, Verve Ventures, IMEC cvc, EuroHPC Joint.
$250M
Grant 1 Mar 2025no round page
Led by EuroHPC Joint Undertaking.
Sources: techfundingnews.com, bristol.ac.uk, axelera.ai and 1 more
$64M
Series B 27 Jun 2024
With Invest-NL, European Innovation Council Fund, Innovation Industries, Samsung Catalyst Fund, Verve Ventures, Fractionelera, CDP Venture Capital, EIC Fund, Bitfury, Federal Holding and Investment Company.
Sources: techfundingnews.com, axelera.ai, en.wikipedia.org and 1 more
$68M
Series A 22 May 2023
With CDP Venture Capital, Verve Ventures, Fractionelera, Innovation Industries, imec.xpand, Federal Holding and Investment Company, Netherland Enterprise Agency (RVO).
Sources: techfundingnews.com, axelera.ai, allaboutcircuits.com and 3 more
$50M
Seed 16 Sep 2021
Led by Bitfury; with imec, Innovation Industries, imec.xpand.
Sources: finsmes.com, imec-int.com, electronicsweekly.com
$12M
Axelera AI investors
19 investors have backed Axelera AI; Innovation Industries, Bitfury and EuroHPC Joint Undertaking led at least one round.
- EuroHPC Joint Undertaking lead
- CDP Venture Capital 3 rounds
- European Innovation Council Fund 2 rounds
- Fractionelera 2 rounds
- BlackRock
- EIC Fund
- EuroHPC Joint
- imec
- IMEC cvc
- Netherland Enterprise Agency (RVO)
- SiteGround Capital
What Axelera AI does
Axelera AI works in tech companies, with 16 recorded offerings and customers in industrial manufacturing, retail, security and healthcare.
Axelera AI B.V. is a Dutch technology company engaged in the development and supply of AI acceleration solutions, including edge AI inference hardware and software. The company provides AI-native hardware and software platforms for industries such as industrial manufacturing, retail, security, healthcare, smart cities, robotics, agriculture, computer vision, and high-performance computing. Axelera AI also operates research and development offices in Belgium, Switzerland, the UK, and Italy, and maintains a global presence across 15 European countries. The company is co-funded by the European Union's Horizon research and innovation program and is supported by a network of partners and distributors.
Description from Veridion's company data.
Products and services
- AI Hardware Acceleration Solutions
- Edge AI Inference Hardware Manufacturing
- AI Processing Unit Manufacturing
- AI Edge Accelerator Card Manufacturing
- AI Software Stack Development
- Machine Learning Model Deployment Software Development
- Digital In-Memory Computing Technology Development
- RISC-V Dataflow Architecture Development
- AI Hardware and Software Integration Services
- Industry-Specific AI Solutions Development
- Industrial Manufacturing AI Solutions Development
- Retail AI Solutions Development
- Security AI Solutions Development
- Healthcare AI Solutions Development
- Smart City AI Solutions Development
- Robotics AI Solutions Development
Markets
- Industrial Manufacturing
- Retail
- Security
- Healthcare
- Smart Cities
- Robotics
- Agriculture
- Computer Vision
- High-Performance Computing
Technology
- Digital In-Memory Computing
- RISC-V Dataflow Architecture
- Edge AI Inference Hardware
- AI Software Stack for Machine Learning Deployment
Business model
- Business-to-Business
- Manufacturing
- Enterprise
Industry codes (NAICS)
- 334111 Electronic Computer Manufacturing 50% match
- 513210 Software Publishers 30% match
- 423690 Other Electronic Parts and Equipment Merchant Wholesalers 20% match
Questions about Axelera AI
What is Axelera AI worth?
Valuation $2.0B (range $1.2B to $3.1B), as of 24 Oct 2026.
Has Axelera AI raised money?
Axelera AI has 5 funding rounds on record, from Sep 2021 to Feb 2026, $444M in total. None disclosed a valuation.
Who has invested in Axelera AI?
Innovation Industries, Bitfury, EuroHPC Joint Undertaking, CDP Venture Capital, Federal Holding and Investment Company and Verve Ventures, and 13 more. Lead investors include Innovation Industries, Bitfury and EuroHPC Joint Undertaking.
How many people work at Axelera AI?
About 295, up 51% over the last year. Headcount grew from 44 in Apr 2022 to 296 in Sep 2026.
What does Axelera AI do?
Axelera AI works in tech companies, with 16 recorded offerings and customers in industrial manufacturing, retail, security and healthcare. Its main offerings are AI hardware acceleration solutions, edge AI inference hardware manufacturing and AI processing unit manufacturing.
When was Axelera AI founded, and where is it based?
Axelera AI was founded in 2021 and is based in Eindhoven, Netherlands. It has about 295 employees, up 51% over the last year.