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Axelera AI increases its Series A funding round to $50m for RISC-V edge AI chip

Dutch startup Axelera AI has raised $50m for its in-memory computing, RISC-V-based edge AI technology and set up a Silicon Valley office.

CDP Venture Capital, Verve Ventures and Fractionelera have joined the oversubscribed Series A round which raised $27m last October. Innovation Industries also increased its investment in the company becoming the largest investor.

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