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February 24, 2026

AI chip startup Axelera AI raises $250m to take on Nvidia

The Dutch startup builds chips for inference, a growing market so far dominated by US tech titan Nvidia

Axelera AI, a Dutch startup building energy-efficient chips for AI, has raised a $250m round. 

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Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

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