Axera Secures Over a Billion Yuan in Series C Funding, Cementing Industry Leadership Position
Axera, a leading player in AI perception and edge computing chips, has successfully completed its Series C funding round, raising over 1 billion yuan (approximately USD 140 million). This marks one of the largest investments in China’s semiconductor sector in 2024. The round attracted prominent institutional investors, including Ningbo Tongshang Fund, Ningbo Zhenhai Industry Investment, Chongqing Industry Investment Fund, Chongqing Liangjiang Equity Investment Fund, Hua Capital, and Inno-Chip.
The fresh capital will fuel the development of cutting-edge AI chips, ramp up production capacity, and boost market penetration as Axera aims to deliver smarter, more efficient solutions to its customers.
Since its inception, Axera has completed multiple funding rounds backed by famous investors including Inno-Chip, Qiming Venture Partners, Cedarlake Capial, Meituan, Hua Capital, and Tencent Investment. Moving forward, Axera will strengthen collaboration with both existing and new shareholders and leverage the synergy in strategic resources to advance innovation in smart driving, edge computing, and robotics.
Dr. Qiu Xiaoxin, Founder and Chairperson of Axera, remarks, "We're deeply grateful for our investors' unwavering support. Their foresight and backing have empowered us to keep breaking new ground in AI chip development, bringing fresh momentum to industry innovation. Today, as AI transforms industries across the board, chips remain the foundation of this revolution. Since day one, Axera has focused squarely on developing and mass-producing AI chips for edge and terminal devices, working to deploy AI capabilities at scale across diverse scenarios. Looking ahead, we'll continue our open, collaborative approach—working hand in hand with partners to build the infrastructure for an intelligent future and drive sustainable growth across the industry."
Founded in May 2019, Axera has successfully developed and mass-produced multiple generations of AI chips. The company's two core proprietary technologies—the AXProton AI-ISP and AXNeutron mixed precision NPU—are now deployed across terminal computing, smart driving, and edge computing applications.
Moving forward, Axera remains committed to its mission of "AI for All, AI for a Better World" and its vision of "Create a world class AI sensing and computing platform." The company continues to focus on delivering intelligence-optimized solutions that offer superior value, advancing AI technology development and applications while working alongside partners to shape a brighter future.
