Muffin raising 3.2M, Axelera AI and edge AI, Terna and M&A Activity - July 5, 2024

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#venturecapital #italy #startup

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00:00 Intro
00:37 Overview of Italy's flat quarter
01:10 Muffin’s funding and mission
03:20 Challenges of tracking government incentives
05:53 Axelera AI’s funding and edge AI
08:34 Competitive advantage of edge AI
13:02 Local AI applications in various industries
15:00 Recent acquisition trends in Italian startups

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Muffin, a fintech startup, 🇮🇹raised €3.2m from a syndicate of business angels.

Recornea, a medtech startup, 🇮🇹raised €150k in a round led by Scientifica Venture Capital.

PhotonPath announced an undisclosed round.

Axelera AI, a Netherlands-based AI-chip design company led by Fabrizio Del Maffeo, raised $68m. CDP VC also participated in the round.

Terna Forward invested in Spain-based Unusuals.

Yolo Group acquired Kalibo Correduria de Seguros.

Unguess acquired Ferpection.

TeamSystem 🇮🇹acquired Change Capital.

TXT Group acquired I MILLE and Uasabi.

GeneralFinance acquired Workinvoice.

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Italian startups, venture capital, fintech, AI chip design, edge AI, government funding, acquisitions, Muffin, Accelera AI, funding ecosystem, tech investments