The 10 Hottest Semiconductor Startups Of 2023 (So Far)

June 21, 2023, 11:45 AM EDT

These semiconductor startups could benefit from the hype around generative AI that has some companies looking at alternatives to GPU powerhouse Nvidia and better ways to architect systems. Some of these young companies are working on foundational or adjacent technologies that could improve the way AI work is computed in the future.

Axelera AI

Co-Founder, CEO: Fabrizio Del Maffeo

Axelera AI wants to trounce Nvidia with the “world’s most powerful and advanced” chip-based offerings for running AI applications on edge devices.

The Netherlands-based startup announced in May that it had raised an “oversubscribed” Series A funding round that brought its total funding to $50 million.

The investment announcement came after Axelera struck a strategic partnership with edge device vendor Advantech, unveiled its next-generation Metis AI hardware and software platform, and taped out two AI chips in the previous 18 months.

Axelera said its expansion cards and modules, powered by the Metis AIPU, can provide “faster, easy-to-use AI acceleration while minimizing power and cost.”

Learn More: CPUs-GPUs

Dylan Martin

Dylan Martin is a senior editor at CRN covering the semiconductor, PC, mobile device, and IoT beats. He has distinguished his coverage of the semiconductor industry thanks to insightful interviews with CEOs and top executives; scoops and exclusives about product, strategy and personnel changes; and analyses that dig into the why behind the news. He can be reached at dmartin@thechannelcompany.com.