Axelera AI is a Netherlands-based chip company founded in 2021 as a spin-off from imec. It develops AI processing units (AIPU) for robots and drones, as well as cars, medical devices, and security cameras. The company's CEO is Fabrizio Del Maffeo. In 2025, it received a grant of €61.6 million to develop its Titania chip for generative AI and computer vision processing from the EuroHPC Joint Undertaking DARE project. Previously it raised $200 million from Samsung and other investors.