Axelera AI has been selected for the Tech Tour Growth50 Europe List, showcasing the 50 European technology companies with the biggest growth potential. This year’s Growth50 companies already raised an impressive €6.7 Billion or an average of €133.8 Million per company. The announcement was made ahead of the Tech Tour Growth50 Europe Summit on Feb. 8 in Paris, France, where Fabrizio Del Maffeo, Co-Founder and CEO of Axelera AI, will be part of a panel discussion about AI, ML and security.
The Tech Tour Growth50 Europe 2024 is a highly competitive program that identifies and supports Europe’s fastest growing technology companies with the help of 90+ of Europe’s most active growth investors who for the Selection Panel. With past Growth50 companies including the likes of Sophia Genetics, Elvie, Alan, Adyen, Improbable, Zettle (by PayPal), Klarna, Shazam, Spotify and Skyscanner, Axelera AI is in good company as a nominee for this list.
At Axelera AI we are developing a industry-defining AI hardware and software platform to accelerate computer vision on edge devices. Thanks to our proprietary in-memory computing and RISC-V controlled dataflow technology, our Metis™ AI platform delivers high performance and usability at a fraction of the cost and power consumption of solutions available today. The platform is democratizing AI by placing its power within reach for businesses that previously may not have had the means to leverage AI technologies.
The collective of market leading leading, disruptive companies on the Growth50 List 2024 is a clear indication of the strength and diversity of Europe’s tech sector. It highlights the innovation, vision and accelerated growth of Europe’s most promising tech companies.
About Axelera AI
Axelera AI is delivering the world’s most powerful and advanced solutions for AI at the Edge. Its industry-defining Metis™ AI platform – a complete hardware and software solution for AI inference at the edge – makes computer vision applications more accessible, powerful and user friendly than ever before. Based in the AI Innovation Center of the High Tech Campus in Eindhoven, The Netherlands, Axelera AI has R&D offices in Belgium, Switzerland, Italy and the UK, with over 140 employees in 15 countries. Its team of experts in AI software and hardware come from top AI firms and Fortune 500 companies.
About Tech Tour
Tech Tour is the largest tech entrepreneurship and investment community in Europe. Tech Tour supports the European tech community in building personal relationships by creating a highly selective and sector-focused space and synergies between a selection of high-quality European companies and a network of leading figures – investors, corporates, regions and service providers – to stimulate the exchange of ideas and to promote young, dynamic companies.