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European AI chip startup Axelera raises additional $250 million

European AI chip startup Axelera raises additional $250 million

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February 24, 2026

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.Read More

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