AxeleraAI, a chip startup based in the Netherlands, received a €61.6 million grant from the European Union’s EuroHPC fund. The award will support development of its Titania chip, aimed at running large AI models in data centers.
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The Titania chip is designed for inference. That means it will help computers process data from pre-trained AI models. AxeleraAI already offers a chip called Metis for edge devices. The new funding supports scaling up to data center workloads.
The company will use an open hardware approach based on the RISC-V standard. This lets it avoid dependence on major players. It also aligns with Europe’s goal to build homegrown AI hardware.
AxeleraAI raised around $200 million in prior private investment, including support from Samsung. Now it gains both extra capital and backing from government sources.
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Investors and officials see this as part of a broader push. Europe wants to close the gap with the United States and Asia in AI chip design and production. The Titania project could become the first large-scale European AI chip for inference tasks.
AxeleraAI said in a statement that the funding will help it build a factory-ready chip. It will also support testing and validation before production. The company believes the chip will handle demanding tasks while keeping efficiency high.
This grant may accelerate a shift in the global chip landscape. Other countries have backed similar projects to avoid relying on a few dominant suppliers. If AxeleraAI succeeds, European firms could gain stronger bargaining power or choose homegrown options for AI hardware.
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The Titania launch could mark a turning point. It may bring new buyers, spark further investment, and encourage more EU-level funding for AI infrastructure.
