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Axelera raises $68M to rival Nvidia with edge AI chips
Axelera says its flagship edge AI platform, Metis, can deliver up to a five-fold increase in efficiency and performance for enterprises.
The company launched in 2021 and has developed a platform called Metis, which takes a hardware and software-based approach to handle computer vision inference at the edge while trying to maintain a balance between performance, efficiency and ease of use. At the core, the platform has two key components: a 12nm CMOS AI Processing Unit (AIPU) and a software development kit that can be used to easily build computer vision applications capable of running on devices using the chip. As part of the growth strategy, Axelera plans to expand to North America, Europe and the Middle East with a focus on key verticals such as automotive, digital healthcare, Industry 4.0, retail, robots & drones and surveillance.
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