Friday, September 17, 2021

Axelera, which is developing an AI accelerator chip, raises $ 12 million

- Advertisement -

Must read

the Transform Technology Summits begins October 13 with Low-Code / No Code: Enabling Business Agility. Register now!


IA Axelera, a Dutch AI semiconductor startup, emerged today from stealth with $ 12 million in seed funding led by Bitfury, a security and infrastructure provider for the Bitcoin blockchain. Innovation Industries Fund participated in the round, which the company says will support the development of AI applications at the edge.

Edge AI, the processing of AI algorithms in devices such as drones, digital signage, cameras and sensors, is derived from edge computing, which starts from the same premise: data is processed and managed at the Internet endpoints of the stuff. Edge AI is advantageous in industries such as retail, robotics and manufacturing, where it can offer lower latency than sending data to remote servers and avoid interruptions and costs in the process.

Incubated by Bitfury, Axelera says it is developing a chipset to accelerate artificial intelligence and machine learning algorithms at the edge. The startup claims that its product, which is scheduled to ship to select customers in 2022, will achieve a fraction of the power consumption and price of competitor hardware.

“The market for AI at the edge is in its infancy, and the current market leader is Nvidia. Recently, startups like Hailo, Mythic, and Blaize are hitting the market with new products. As many products were launched last year, there are no established winners yet, ”CEO and co-founder Fabrizio Del Maffeo, former director of artificial intelligence at Bitfury Group, told VentureBeat by email. “Our mission is to provide a ‘green’ (low power consumption) hardware and software platform that enables industry to take full advantage of what AI can bring.”

Innovative design

The cutting-edge artificial intelligence hardware market is projected It will grow from 920 million units in 2021 to 2.08 billion units by 2026, a lucrative rebound. According to one estimate, the AI ​​chip market alone is worth $ 73.49 billion by 2025.

Del Maffeo says that Axelera’s technology is differentiated by a custom data flow architecture with multi-core in-memory computing. In-memory computing, or in-memory computing, is the technique of executing computer calculations entirely in the computer’s memory, which can offer high performance with low power.

Usability wants to be a focus with the chip. Axelera customers will be able to take advantage of out-of-the-box tools like Facebook’s PyTorch or Google’s TensorFlow machine learning frameworks and will not need experience in new AI development environments. And Axelera will provide software utilities that take advantage of performance-enhancing approaches, such as graphics quantization and optimization, that compress AI models with only small losses of precision.

“Recent advancements in deep learning have transformed the way computing devices process human-centric content such as images, video, voice and audio,” said Del Maffeo. “The application of Axelera’s technology to IoT devices could enable a new generation of applications capable of performing complex detection and recognition tasks.”

While Axelera predates revenue, the 30-person company has partnered with IMEC, an R&D organization in nanoelectronics, to develop its chip architecture. (IMEC is also an investor). Del Maffeo says Axelera is in talks with about 20 clients ahead of the expected shipping date.

VentureBeat

VentureBeat’s mission is to be a digital urban plaza for technical decision makers to gain insight into transformative technology and transact. Our site offers essential information on data technologies and strategies to guide you as you run your organizations. We invite you to become a member of our community, to access:

  • updated information on the topics of your interest
  • our newsletters
  • Exclusive content from thought leaders and discounted access to our treasured events, such as Transform 2021: Learn more
  • network features and more

Become a member

Do Not Miss

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

AEW star reveals how Vince McMahon got an idea for a...

0
Vince McMahon is considered a wrestling genius as he made WWE the empire it is today. He has always sought inspiration from all...

Ski trains to resume between London and the French Alps |...

0
With more Eurostar trains now running again on routes from London to Paris, Brussels and Amsterdam, travelers have been waiting for news of ski...

The consequences of viruses and the slowness of the Internet worry...

0
GOLSSEN, Germany (AP) - A factory owner in eastern Germany hopes the next government will restore supply chains disrupted by the coronavirus pandemic. ...

More than 60 South Korean crypto exchanges to suspend services next...

0
FILE PHOTO: Representations of the cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on the PC motherboard in this illustration taken on June 29,...

The referendum on abortion in San Marino reveals social fissures |...

0
It didn't take long for the debate in San Marino to turn toxic. Shortly after the pre-referendum campaign on legalizing abortion was officially...

Fight fire with fire to protect redwoods

0
LOS ANGELES (AP) - With flames moving toward the signature grove of ancient towering trees in Sequoia National Park, firefighters on Thursday battled the...

US Prepares for # JusticeforJ6 Demonstrations Supporting Pro-Trump Rioters | ...

0
US Capitol Police and the FBI are on high alert ahead of a rally in Washington, DC, planned on September 18 to show support...

Hundreds of aid trucks have not returned from Tigray, says UN...

0
Since July, 445 trucks have entered Ethiopia's war-torn Tigray, but only 38 have returned, making future aid deliveries difficult.Hundreds of aid trucks have not...

Backstage details on Edge’s future in WWE after what happened on...

0
Edge was defeated by Seth Rollins on SmackDown last week. After facing the brunt of Rollins's stomp, he had to be stretched out...

California Counties With High Covid Vaccination Rates Helped Newsom Win Impeachment...

0
California Governor Gavin Newsom speaks to members of the media after meeting students at Melrose Leadership Academy during a school visit in Oakland, California,...

Why Warby Parker, Allbirds digital is betting on stores ahead of...

0
A Warby Parker store in The Standard, Los Angeles, California.Michael Buckner | fake imagesRetail favorites Warby Parker and Allbirds went online and paved...

Purdue band’s ‘biggest drum in the world’ won’t be on field...

0
As the Purdue football team and marching band head to Notre Dame this weekend for their Saturday afternoon showdown, a special member of the...

After years of being ‘squeaky clean’, the Federal Reserve is surrounded...

0
The Marriner S. Eccles Federal Reserve Building in Washington, DC, on Friday, September 17, 2021.Stefani Reynolds | Bloomberg | fake imagesThe Federal...

Paul Wight fka the Big Show explains how AEW differs from...

0
AEW Dark: Elevation commentator Paul Wight, formerly known as The Big Show in WWE, explained how AEW works differently compared to WWE.The Big Show...

The Shade Room is set to premiere ‘Love Locked’, a reality...

0
The Shade Room delves into the wonderful and dramatic world of dating shows with the new original series Love Locked. And Chile,...

navalny: anti-Kremlin app ‘censored’ on first day of Russian vote

0
MOSCOW: Allies of jailed Kremlin critic Alexei Navalny accused Apple and Google of "censorship" on Friday after they removed opposition voting apps at the...

Customers assured of the convenience of buying ‘AllDay’

0
Written by: Vaughn Alviar The world has responded to the challenges of COVID-19 with an innovation boom. We have learned not to wait for...

How Dallas’ Biggest Critic WR CeeDee Lamb Is Helping Him Stop...

0
In just one full season and one NFL game this year, CeeDee Lamb has been a gift to the Dallas Cowboys. Coming out...

Libya’s interim government must end crackdown on civil society | ...

0
In 2011, Libyans took to the streets to overthrow the Muammar Gaddafi regime after 42 years of dictatorship. In the midst of the...

6 epic sci-fi movies and shows that will soon be leaving...

0
Netflix gives and takes. One of the unfortunate realities of being subscribed to the world's largest and most popular streaming entertainment service is...

China’s astronauts return after 90 days aboard the space station

0
BEIJING (AP) - A trio of Chinese astronauts returned to Earth on Friday after a 90-day stay aboard their country's first space station on...

Since I can’t build a wall around our talent, here’s how...

0
As the CEO of a technology company for 15 years, I have seen employees come and go for many reasons. But in the...

IPL 2021: “Looking to take each match as a final”

0
Sunrisers Hyderabad (SRH) spinner Rashid Khan has revealed that the franchise will play every game in the second half of IPL 2021 as a...

North Carolina Judges Block Voter ID Act, Say It Discriminates Against...

0
North Carolina State University students wait in line to vote in the primaries at Pullen Community Center on March 15, 2016 in Raleigh, North...

Aretha Franklin’s ‘Respect’ Named Best Song of All Time by Rolling...

0
#Roommates, Aretha Franklin's legacy remains fully intact three years after her death with the release of her critically acclaimed biopic starring Jennifer Hudson, and...

debt crisis, bond defaults and investor risks

0
The Emerald Bay residential project developed by China Evergrande in the Tuen Mun district of the New Territories in Hong Kong, China, on Friday,...

Archives from GitHub rival GitLab will be released with revenues of...

0
GitLab CEO Sid Sijbrandij at a company event in LondonGitLabGitLab, a cloud-based software provider that enables developers to share code and collaborate on projects,...

Aukus leaves some awkward questions

0
US-China Relations UpdatesSign up for myFT Daily Digest to be the first to know the news about US-China relations. Be careful what you wish for:...

Biden and other leaders meet to push for more climate action

0
President Joe Biden sought to define the world's next steps against the rapid destruction of climate change in a private virtual session with a...

China’s astronauts return after 90 days aboard the space station

0
BEIJING: A trio of Chinese astronauts returned to Earth on Friday after a 90-day stay aboard their country's first space station on China's longest...

Experience: I got on a conveyor belt with my scarf |...

0
I. He had worked intermittently at Argos when they needed seasonal staff since he was 17 years old. By Christmas...

PAK v NZ 2021: Pakistani Prime Minister Imran Khan’s assurances to...

0
The Pakistan Cricket Board (PCB) revealed that Prime Minister Imran Khan spoke personally with New Zealand Prime Minister Jacinda Andern to assure her of...

The end of the US ban is about to cause a...

0
When Hurricane Ida hit the southeastern coast of the United States in late August, 23-year-old Vashante Gray, his two children, two and six, and...

Tom Brady warns league about Gronk

0
Gone are the days when the voices of Tom Brady and Rob Gronkowski were silenced due to New England Patriots culture. His former...

NSW Covid Update: State to Test Seven-Day Home Quarantine for International...

0
New South Wales will introduce a home quarantine "pilot" for international arrivals, as the state works to open international borders.The pilot, to be run...

Washington’s Chase Young asked to mistreat the Giants’ Daniel Jones; ...

0
Washington defensive end Chase Young came under fire for mistreating Giants quarterback Daniel Jones in the first quarter of the teams' "Thursday Night Football"...

Can a new alliance in Asia Pacific deter China?

0
The United States, Australia and the United Kingdom have announced a major defense agreement in Asia Pacific.

Taiwan Welcomes Support From Top Allies After Aukus Pact Angers China...

0
Taiwan has welcomed the support of key allies after a ministerial forum between the United States and Australia promised closer ties with the island...

Daniel Jones downplays heated interaction with Kenny Golladay

0
After New York Giants veteran Graham Gano kicked his fifth field goal of the night in Thursday's game against the...

Far-Right Groups Tell Supporters Planned Washington Rally Is A Government “Trap”...

0
Extremist groups and prominent right-wing figures are warning their supporters not to attend a far-right rally in support of those arrested for participating in...

‘On the World Stage’: Chorley Prepares to Host G7 Speakers Conference...

0
When Nancy Pelosi, the Speaker of the US House of Representatives, suggested to Lindsay Hoyle, her UK counterpart, that they hold the G7 Speakers'...

Four gang members jailed for the murder of NHS worker David...

0
Four gang members have been jailed for the murder of an NHS worker whom they randomly chose "simply for the sake of doing it."Muhammad...

Cris Carter opens up about illegal college benefits and drug use

0
Cris Carter is known for overcoming a drug addiction early in his NFL career to become one of the greatest receivers of all time,...

Australia will allow some returnees to self-quarantine at home

0
The Australian state of New South Wales will allow some returning international travelers to self-quarantine at home from the end of the month, possibly...

How a dinner in Paris protects the values ​​of Europe

0
When the leaders of France and Germany hold a working dinner tonight at the Elysee Palace in Paris, much of what the European Union...

Faroese Prime Minister vows to review dolphin hunt amid outrage over...

0
In a parked car overlooking the ocean sit two of the biggest whale killers in the Faroe Islands. They look exhausted, but not...

Wales to require NHS Covid passes to attend nightclubs and events...

0
People will have to show an NHS Covid pass to enter nightclubs and attend many events in Wales starting next month, Prime Minister Mark...
- Advertisement -

Don't Miss