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🎉Today is an exciting day for Axelera AI! We have announced the successful close of an oversubscribed $68 million Series B financing round - Europe's largest oversubscribed Series B funding round in the fabless semiconductor industry.   🚀 This tremendous milestone is a testament to the growth and success we’ve had as a company. In just three years, we have raised a total of $120 million and have built a world-class team of 180 employees (including 55 PhDs with more than 40,000 citations). We have also launched our Metis™ AI Platform, which achieves a 3-5x increase in efficiency and performance, and have visibility into a strong business pipeline exceeding $100 million. This success has attracted diverse global funding from venture capital, sovereign wealth, and pension funds.   We would like to thank the major institutional investors involved in this round, including Invest-NL Deep Tech Fund, the European Innovation Council and SMEs Executive Agency (EISMEA) Fund, Innovation Industries Strategic Partners Fund (backed by Dutch Pension Funds PMT and PME, administered by MN), and Samsung Catalyst Fund, along with existing investors Verve Ventures, Innovation Industries, Fractionelera, and the Italian sovereign fund CDP Venture Capital SGR. We would also like to thank those who contributed to previously raised funds, including the innovation credit from RVO - Netherlands Enterprise Agency , and equity investment from Bitfury, CDP Venture Capital, Federal Holding and Investment Company of Belgium (SFPIM),imec, imec.xpand, and Innovation Industries.   We would also like to thank the entire Axelera AI team. This achievement would not have been possible without our incredible executives, board of directors and employees.   We are tremendously excited for what’s ahead as we continue our global growth, expand into new markets, accelerate product development and emphasize Axelera AI’s position as the AI industry’s partner of choice to unlock innovation.   Learn more about this exciting milestone in this press release → https://lnkd.in/dhdgFMbC   Fabrizio Del Maffeo, Charles Mander, Evangelos Eleftheriou, Flavio Devide', Olivia Hughes, Jonathan Ferguson, Marco Barbato, Ioannis Koltsidas, Meghna Singh, Hugh Brown, Inder M. Singh Jonathan Ballon, Sander Verbrugge, Cyril Vančura, Massimo Vanzi, Valery Vavilov   #GenerativeAI #ArtificialIntelligence #AI #MachineLearning #Funding #StartupFunding #ComputerVision #VisualAI #VentureCapital #VC

💡 For deep Tech start-up's, chasing that goldmine that is Series A or B funding, this is worth a read! ⬇ OTB Ventures just closed a $185million fund (largest to date) to invest in Europe's Deep Tech market with most being distributed at Series A stage, there's still room for those at Seed. 🤑 A big focus into "real innovative/disruptive technologies" coming out of Europe that can help them begin to compete globally and possibly lead in the long-term. 💪 Even NATO are getting involved > a HUGE $1billion flagship fund being shared to help start-ups, including support for OTB. 👏 KYP.ai & SEMRON have already benefitted through OTB previously, so who knows, could your start-up be next? 👀 #germany #seriesafunding #funding #deeptech #ai #artificialintelligence #innovation https://lnkd.in/erSmNTpz

The SoftBank Vision Fund is one of the 𝗯𝗶𝗴𝗴𝗲𝘀𝘁 𝗺𝗼𝘃𝗲𝗿𝘀 𝗮𝗻𝗱 𝘀𝗵𝗮𝗸𝗲𝗿𝘀 among global VC funds. The fund is now shifting its strategy, focusing more of its investment in AI and related hardware startups Even if it means selling a few companies from their portfolio. This shift to AI could have big consequences for the market! 1️⃣ 𝗦𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝗰𝗲: SoftBank's focus on AI signals that AI is an attractive space for investors and holds significant potential for startups. 2️⃣ 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻: This move could lead to increased competition in the AI space, driving innovation and technological advancements at an even faster pace. 3️⃣ 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗙𝗹𝗼𝘄: Following in the steps of SoftBank, we can expect more capital to flow into the AI sector bolstering resources for research and development that could potentially transform the industry. SoftBank Vision Fund's new focus is a testament to the transformative power of AI. Want to know more about the impact of SoftBank's new direction? Check out the link! Do you think this is the right call for SoftBank to make? Let's hear your take in the comments! 

KPMG -Venture Pulse Q2 2023 📊 According to the recently released KPMG Venture Pulse, In Q2'23, global venture capital investment remained relatively consistent, with AI and generative AI drawing particular attention. Startups worldwide were keen to bolster their AI capabilities, while VC investors increasingly concentrated on the AI sector, perceiving it as one of the few robust investment areas in the current market. #KPMGPrivateEnterprise #KPMGVenturePulse2023Q2 #VentureCapital #VCInvestment #VCTrends #GenerativeAI

🌟 Introducing Furpee Venture Capital: Shaping the Future of AI 🌟 We're excited to announce the launch of Furpee Venture Capital, a cutting-edge investment firm dedicated to pioneering advancements in artificial intelligence. At Furpee VC, our mission is to drive innovation and support startups that are transforming industries through AI technology. Our Philosophy: At Furpee, we believe in the transformative power of AI to revolutionize sectors such as healthcare, finance, education, and more. We are committed to investing in visionary entrepreneurs who are pushing the boundaries of what AI can achieve. Our approach goes beyond just providing capital; we offer strategic guidance, industry connections, and operational support to help our portfolio companies thrive. Our Focus: Our primary investment focus is on early-stage companies with groundbreaking AI technologies and scalable business models. We are passionate about fostering innovation and supporting startups that have the potential to make a significant impact on the future of technology. Join Us: As we embark on this journey to shape the future of AI, we invite you to join us in turning groundbreaking ideas into reality. Together, we can create a smarter, more connected world. #VentureCapital #AI #Innovation #FurpeeVC #ArtificialIntelligence #InvestingInTheFuture

SIDBI Venture Capital Ltd (SVCL) invested $4 million to the latest fundraising round for Myelin Foundry, a deep tech AI business. Subh Labh, Pratithi Investments Trust, and Endiya Partners are among the other #investors. The capital raised will be put toward fortifying Myelin’s AI platforms, facilitating its global market #growth, and enhancing its standing as the industry pioneer in edge AI. Its main goal is to create high-computing artificial intelligence algorithms that can operate in situations with limited #resources (cheap, low-computing edge devices). Founded by Dr. Gopichand Katragadda and Ganesh Suryanarayanan in 2019, Myelin Foundry is a deep tech product start-up transforming human experiences and industry outcomes by building Artificial Intelligence algorithms on video, voice, and sensor data, for consumer edge devices To share your startup story write us on - [email protected] #myelinfoundry #startup #funding

🚀New Deep Tech Fund🌐 Bee Partners, led by Michael Berolzheimer, closes its oversubscribed fourth fund at $50 million to boost pre-seed founders in AI, machine learning, robotics, and frontier technologies. 🤖💡 🌟 Despite a funding slowdown, Bee Partners experienced a 40% YoY increase in deal flow in the deep tech space, highlighting the immense innovation emerging from laboratories. In Q2 2023, deep tech retained its position as the second-most invested segment after energy, according to Dealroom.co. 💰 Berolzheimer notes the challenge of deep tech companies not receiving the funding they deserve, considering the disruptive potential in the space. Bee Partners stands out by writing relatively large checks at the pre-seed level, supporting teams even before incorporation. Their mantra? "No capital, no customers, no code, no problem." 🤝 The partnership model sets Bee Partners apart, offering founders collaboration with the entire team, a unique approach in the venture capital landscape. Bee Partners IV has already deployed 20% of its capital into nine companies, including generative AI firm BrandGuard AI raising $2.4 million for brand integrity tools. 📈 Bee Partners' fourth fund is its largest to date, totaling over $130 million in commitments. The firm's concentrated approach of investing in 25 companies over four years ensures dedicated support, leading to a remarkable over 60% matriculation rate to Series A for portfolio companies.🎯 ✅ Looking to raise capital for your #fund and increase the international pool of #investors? Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity? Looking for buyers of #startup shares? #LPs shares for sale? #GPs stakes for sale?   ▶ For inquiries and free consultations on how G QUANT can assist, please contact Jasmina Ibrahimagic at [email protected]       #VentureCapital #VentureFunding #VentureDebt #Fundraising #Innovation #Technology #Entrepreneurship #Investing #Network #Investors #LPs #GPs #EmergingManagers #FamilyOffice #Markets #Economy #Business #Founders #Startups #StartupFunding #ai #artificialintelligence #hedera #hellofuture #blockchain #unicorn #decacorn #secondaries #secondarydeals #DeepTechInnovation #VentureCapital #TechFunding #AI #MachineLearning #Robotics #FrontierTech #BeePartners #InnovationEcosystem #PreSeedInvesting #CollaborativePartnership #FoundersSupport #SeriesA #TechInnovationLeaders 🌐💰🤖

#fundingalert 💼Company: EthonAI 💰Funding: €15.3 Million ⚡Round: Series A 👥Investors:Index Ventures, with existing investors General Catalyst, Earlybird Venture Capital, and Founderful participating. The EthonAI Manufacturing Analytics System is a powerful software suite to achieve operational excellence at scale. Their products are used by world-leading manufacturers and have already proven to reduce production waste by up to 50% while increasing job satisfaction of factory workers. EthonAI was co-founded by Julian Senoner (CEO) and Bernhard Kratzwald (CTO) in 2021. Both completed their PhDs at ETH Zurich, where they studied manufacturing applications of AI at industry leaders such as Siemens and Aker Solutions. Katharina Wilhelm, Roland Philippsen Read more - https://lnkd.in/g_vkgMDs To share your startup story write us on - [email protected] #EthonAI #AnalyticsSystem #AI #funding #fundingnews #news #startup #startupnews #startuprise

Atomico's "State of European Tech" report, published Tuesday, showed that overall funding for European venture-backed companies is projected to decline 45% in 2023 from a year ago. U.S. and Asian institutional investment into European tech faded as growth-oriented funds that flooded the market in 2020 and 2021 retreated in the last year or so due to macro headwinds. Artificial intelligence was one bright spot though, with 11 AI companies raising mega funding rounds of $100 million or more. #startups #bubbleburst #funding #trend2023