Bitfury Group is the famous Corporate Investor, which was founded in 2011. The fund was located in Europe if to be more exact in The Netherlands. The leading representative office of defined Corporate Investor is situated in the Amsterdam.
The fund was created by Valery Nebesny, Valery Vavilov.
The typical case for the fund is to invest in rounds with 2 participants. Despite the Bitfury Group, startups are often financed by NXTP Labs, Digital Finance Group, Blockwall Management. The meaningful sponsors for the fund in investment in the same round are Moe Levin, Enabling Future, Bitmain. In the next rounds fund is usually obtained by 8 Decimal Capital.
Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Moeco, Dbrain, RSK Labs. Among the most popular fund investment industries, there are Mobile Payments, Smart Cities. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 1 or 3 of the founder, the probability for it to get the investment is little. For fund there is no match between the country of its foundation and the country of its the most frequent investments - Russian Federation.
The usual things for fund are deals in the range of 1 - 5 millions dollars. The fund is generally included in less than 2 deals every year. Considering the real fund results, this Corporate Investor is 40 percentage points more often commits exit comparing to other organizations. The top activity for fund was in 2017.
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Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Axelera AI | $12M | 15 Sep 2021 | Eindhoven, Noord-Brabant, The Netherlands | ||
Crystal Blockchain | 01 Feb 2018 | Amsterdam, Noord-Holland, The Netherlands | |||
RSK Labs | $3M | 22 May 2017 | Entre Ríos Province, Argentina |
– Axelera AI announced that it has successfully closed a seed investment round of $12m.
– The round was led by Bitfury and joined by global nanoelectronics R&D center imec and deep-tech venture capital funds Innovation Industries and imec.xpand.
– The funding will support the company’s development of an industry-defining product powering AI applications at the edge.
– Axelera AI was incubated by Bitfury Group in 2019, formerly operating as Bitfury AI until the company came out as an independent entity this year.
– Building on its extensive research and development focused on integrating world-class hardware and software technologies for edge and cloud-to-edge enterprise solutions, Axelera AI joined forces with imec in early 2020 to develop groundbreaking computing architecture for high-performance AI.
– Axelera AI, a Dutch AI semiconductor startup, emerged from stealth with $12m in seed funding led by Bitfury, a security and infrastructure provider for the Bitcoin blockchain.
– Innovation Industries Fund participated in the round, which the company says will support developing of AI apps at the edge.
– Edge AI, the processing of AI algorithms on devices like drones, digital signage, cameras, and sensors, derives from edge computing, which starts from the same premise: Data is processed and managed at internet of things endpoints.
– Edge AI is advantageous in industries like retail, robotics, and manufacturing, where it can deliver lower latency than sending data to remote servers — and avoid disruptions and costs in the process.
– Incubated by Bitfury, Axelera says it’s developing a chipset to accelerate AI and machine learning algorithms at the edge.
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| Company | Industry | Round Size | Date | Investors | Location |
Axelera AI | $12M | 15 Sep 2021 | Eindhoven, Noord-Brabant, The Netherlands | ||
Crystal Blockchain | 01 Feb 2018 | Amsterdam, Noord-Holland, The Netherlands | |||
RSK Labs | $3M | 22 May 2017 | Entre Ríos Province, Argentina |
