While there are new LLM updates every other week, a Dutch startup is innovating on the very silicon that is powering this revolution. Dutch startup Axelera AI just secured a €61.6M funding grant from EuroHPC to develop their Titania™ chiplet.
What makes this compelling? Three things:
- Their Digital In-Memory Computing architecture delivers near-linear scalability from edge to cloud whichis critical as reasoning models like OpenAI-o1 require exponentially more inference compute
- European tech sovereignty is becoming investable.
- The team has scaled to $200M in funding just 3 years post-founding (2021), showing extraordinary capital potential for a hardware play
Axelera represents the kind of deep tech that might very well create outsized returns. It is foundational technology with a multi-decade advantage that addresses the bottleneck in AI deployment.
Europe is quietly building its AI stack from the silicon up. Smart money is paying attention.