Former CFO of Arm Brings Over 30 Years of Expertise in Corporate Strategy and Finance to Axelera AI
San Francisco, CA – October 18, 2023 – Axelera AI, provider of world’s most powerful and advanced solutions for AI at the Edge, today announced Inder Singh, former Chief Financial Officer of Arm, has been appointed as the newest member of the Axelera AI Board of Directors effective immediately. With Singh’s appointment, the Axelera AI Board of Directors builds upon its already impressive group of members with previous experience within organizations such as Intel, Cisco, Bitfury, Innovation Industries, CDP Venture Capital and others. Singh’s experience in corporate strategy and development complements the board’s expertise.
Singh’s responsibilities will include leading the audit committee, expanding Axelera AI’s investor base globally and adding to the company’s footprint within the United States. He will also advise on corporate strategy, including financial strategy, corporate structure and development of the company’s investment portfolio.
“It’s an honor to join Axelera AI’s Board of Directors, a high-performing team that is disrupting the AI landscape,” notes Singh. “Not only is the technology very exciting to me, but so is the impact it can have for customers globally. This market is at its very early stages, and I look forward to taking on the challenge of helping Axelera AI execute against their ambitious plans.”
Singh’s appointment further validates Axelera AI’s accelerated growth trajectory and its position in the AI market. With over 30 years of experience in technology, Singh’s decision to join Axelera AI reflects the market opportunity he foresees for the company and its leadership, revolutionizing the way AI technology is designed to drive a green, fair and safe world.
Fabrizio Del Maffeo, Co-Founder and CEO of Axelera AI, said, “We are thrilled to welcome Inder as a new member of Axelera AI’s Board of Directors. This is a pivotal moment for our company as we are enjoying tremendous customer traction with our market-leading AI acceleration technology. Inder will provide valuable insight and leadership as we continue our path of growth and mission to democratize access to industry-leading Edge AI products.”
Axelera AI was founded in July 2021, and has raised a series A round of funding, bringing its investment total to $50 million USD. Axelera recently delivered its groundbreaking Metis™ AI hardware and software platform to the first customers. The AI-native platform is built from the ground up with the robust Voyager SDK and Metis AI processing unit, the most powerful, efficient, and cost-effective AI inference chip available to accelerate computer vision and generative AI in edge devices.
Jonathan Ballon, Chairman of Axelera AI, notes, “Inder has an astute and strategic financial mind. His experience with capital allocation and investment portfolio management, coupled with his knowledge of public market financial governance and reporting, will further prepare Axelera on our path to build a high-growth company at scale and with the highest ethical standards. Inder is a strong addition to the Axelera AI leadership team, and we are looking forward to working with, and learning from, him.”
Singh most recently served as chief financial officer of Arm for nearly four years, where he held full financial leadership of Arm’s global finance function including controllership, reporting, audit, taxation, treasury, FP&A, business partnering, strategy, corporate development, analytics, as well as its operations, procurement, IT and CISO teams.
Prior to Arm, Singh was Senior Vice President and CFO at Unisys, where he led all finance functions including controllership, treasury, taxes, investor relations, M&A and corporate strategy. Singh also held Executive leadership roles at SunTrust Bank, Comcast Corporation, Cisco Systems and AT&T/Lucent Technologies.
Singh holds both a bachelor’s and master’s degree in engineering from Columbia University’s School of Engineering and Applied Science. He also holds an MBA in Finance from New York University’s Stern School of Business. Singh serves on the Board of Directors of Affinity Federal Credit Union, and on the Boards of Directors of two NYSE-listed companies, Wiley and IonQ.
For more information on Axelera AI’s computer vision solutions for Edge AI, please visit www.axelera.ai.
About Axelera AI
Axelera AI is providing the world’s most powerful and advanced solutions for AI at the edge. Its game-changing Metis™ AI platform – a holistic hardware and software solution for AI interference at the edge – enables computer vision applications to become more accessible, powerful and user friendly than ever before. Headquartered 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 more than 130 employees in 15 countries. Its team of experts in AI software and hardware hail from top AI firms and Fortune 500 companies.