Axelera AI raises $250M Series C

Axelera AI develops purpose-built AI hardware acceleration technology for computer vision and generative AI applications. The company announced a $250M Series C on February 24, 2026, from its base in Eindhoven, NL. Investors and valuation were not disclosed in Crunchbase's round record; Lounge adds them as they are reported. It has raised more than $100M in total venture funding.