Pirates.BZ Tech Startup NewsEurope's EIC Scaling Club has produced its first unicorn. Axelera AI, a Netherlands-based AI chip company, hit a 1 billion euro valuation after a 250 million euro raise. The 120-company cohort raised 1.9 billion euro since joining, with members growing funding by 61% vs 26% for rejected applicants. https://www.startupreporter.eu/europes-eic-scaling-club-just-produced-its-first-unicorn/ #Tech #Startup #News #DeepTech #AxeleraAI
Europe’s EIC Scaling Club Just Produced Its First Unicorn — And Outperformed Rejected Applicants by 2.3x - Startup Reporter
EIC Scaling Club's first unicorn: Axelera AI hits €1B+ valuation. Impact data shows 120 members raised €1.9B, grew funding 61% vs. 26% for rejected applicants.