Netherlands-based Axelera AI, a provider of purpose-built AI hardware acceleration technology “for generative AI and computer vision inference at the edge” has unveiled Titania, a high-performance, energy efficient and scalable AI inference chiplet.
To support this development, Axelera AI said it is receiving up to €61.6 million in funding from the EuroHPC Joint Undertaking (JU) and member states as part of the Digital Autonomy with RISC-V for Europe (DARE) Project.
This new funding follows the successful close of an oversubscribed $68 million Series B financing round, bringing the total amount raised by Axelera AI to more than $200 million in three years.
“The development of this chiplet builds on Axelera AI’s innovative approach to Digital In-Memory Computing (D-IMC) architecture, which provides near-linear scalability from the edge to the cloud …” said Axelera.
“As part of the DARE consortium, Axelera AI will support the EuroHPC JU and its effort to develop a World Class Supercomputing Ecosystem in Europe.
“DARE aims to foster the design and development of European processors, accelerators, and related technologies for extreme-scale, high-performance, and emerging applications.”
Evangelos Eleftheriou, CTO and co-founder of Axelera AI, said: “Our D-IMC technology leverages a future-proof, scalable multi-AI-core architecture, ensuring unparalleled adaptability and efficiency.
“Enhanced with proprietary RISC-V vector extensions, this versatile mixed-precision platform is engineered to excel across diverse AI workloads.
“Uniquely, our architecture facilitates scaling from the edge to the cloud, streamlining expansion and optimizing performance in ways that traditional cloud-to-edge approaches cannot. We are setting a new standard for AI infrastructure, making true scalability a tangible reality.”
Fabrizio Del Maffeo, co-founder and CEO at Axelera AI, said: “This is an important milestone and validation of our technology. Since Axelera AI was founded in July 2021, we have continuously delivered technologies to help customers tackle the AI industry’s biggest challenges and efficiently implement AI capabilities into their products.
“Today, we deliver a cutting-edge hardware and software platform for accelerating computer vision on edge devices at a fraction of the cost and energy consumption of current solutions.
“Titania builds upon this unique product suite. We’re grateful to the EuroHPC DARE Project and the countries involved for helping accelerate the development of this groundbreaking AI inference technology for HPC data centers.”