Axelera AI Raises $50M to Democratize Edge AI
Axelera AI, the provider of world’s most powerful and advanced solutions for AI at the Edge, announces new investors who have joined their oversubscribed Series A round, bringing the total amount raised to $50 million. In the last several months, CDP Venture Capital, Verve Ventures and Fractionelera have joined the round. The latter consortium of investors was created specifically to fund Axelera AI. Innovation…
EFFECT Photonics Secures $40 Million in Additional Funding
EFFECT Photonics, a leading developer of highly integrated optical solutions, has secured an additional $40 million in funding from a group of investors led by Invest-NL and Innovation Industries, along with other existing investors. Read more [Source: effectphotonics.com]
Innovation Industries Start Derde Investeringsfonds Gericht Op Snelgroeiende Technologiebedrijven
Met Impact Het nieuwe fonds gaat op zoek naar ongeveer 15 deeptech bedrijven die moeten uitgroeien tot internationale winnaars in hun sectoren. Zogeheten deeptech startups richten zich op het toepassen van geavanceerde technologieën om complexe, maatschappelijke knelpunten op te lossen op…
Building a world-class Dutch start-up ecosystem
A strategy to both increase the number of start-ups and facilitate their ability to scale can elevate the Netherlands to a global leader in the world of entrepreneurship ecosystems. Read more [Source: mckinsey.com]
Groundbreaking AI computational power
Axelera AI is a designer of world’s most efficient and advanced solutions for AI at the edge. The closing of this investment round comes just a few months after the announcement of the Thetis Core testbench chip, which achieved groundbreaking AI computational power. The funding will support the launch and mass production of Axelera AI’s first-generation AI accelerated platform, as well…
Phosphoenix is making blind people see
We gladly announce our third investment via the Thematic Technology Transfer Medtech fund, in a joint financing round with the FIRST fund managed by BGV (BioGeneration Ventures) and Innovatiefonds Noord-Holland. The new funding will support Phosphoenix (www.phosphoenix.nl), a medical technology spin-off from the Nederlands Herseninstituut. Read more
PHIX is ready for the next phase of growth through additional investments and expansion of facilities
To continue to support our customers, PHIX is proud to have secured €3 million in new capital for the short term and €20 million for the long term from the National Growth Fund. In addition, PHIX will occupy a new building to support further industrialization and scaling of photonic chip packaging in large volumes. Read…
Seed investment in Cellcius
We’re excited to announce our seed investment in Cellcius! Their heat battery technology makes it possible to store energy in the form of heat and then use it independently of time and place. All of this in a safe , reliable way – using the…
Pharrowtech raises €15 million in series a funding to develop world’s first viable wireless alternative for optical fiber
Pharrowtech, a leader in the design and development of millimeter wave (mmWave) hardware and software for next-generation wireless applications, today announces the closure of its €15 million Series A funding round to continue developing next-generation 60 GHz wireless RF transceivers and antenna technology. This investment round was led by Innovation Industries, a highly reputed deep tech investor based in the…
What makes Deep Tech VC different?
The Innovation Industries VC fund invests in deep tech companies with ground-breaking technologies that can address the fundamental challenges of our time. We get a lot of questions around the term deep tech, such as: what makes deep tech investing different? And why…