Published by Global Banking & Finance Review®
Posted on February 24, 2026
2 min readLast updated: April 2, 2026
Add as preferred source on GoogleAxelera AI secured $250M led by Innovation Industries, with BlackRock and SiteGround Capital, to scale Europa inference chip production and enhance software. The Dutch firm has raised over $450M since 2021.
AMSTERDAM, Feb 24 (Reuters) - Axelera AI has secured $250 million in a funding round led by Innovation Industries that included BlackRock and SiteGround Capital as new investors, it said on Tuesday, marking one of the largest investments to date in a European AI chipmaking firm.
CEO Fabrizio Del Maffeo said in a statement the company would use the money to expand manufacturing of its "Europa" chip, which it plans to launch before June, and to further develop software that makes using its chips easier for customers.
Axelera, based in Eindhoven in the Netherlands, is one of the few companies in Europe that make specialised computer chips for AI applications. Its energy-efficient inference chips are used in industrial settings for running, not training, AI models.
Since its founding in 2021, it has raised more than $450 million.
Previous investors including Bitfury, Verve Investments, Samsung Electronics' Catalyst Fund, the European Innovation Council Fund and funds backed by the Belgian and Dutch governments also participated in the latest round.
Axelera received a $66 million grant in March 2025 as part of a European Union project to develop an advanced chip dubbed "Titania" for use in supercomputing centres - also referred to as AI factories. That chip is expected in 2027.
(Reporting by Toby Sterling; editing by Barbara Lewis)
Axelera AI raised $250 million in fresh funding to scale manufacturing of its Europa AI inference chip and further develop its software platform.
The round was led by Innovation Industries, with new participation from BlackRock and SiteGround Capital alongside existing backers.
Axelera plans to expand Europa chip production, grow customer and partner programs, and enhance its edge AI software stack and SDK.
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