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Series C

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2026-10-16

Technology

  • Axera launches AX8860 Edge AI chip series with 256 TOPS, up to 128 GB memory: Axera launched the AX8860 Edge AI chip series at CIIF 2026. The 6nm chips provide 256 TOPS and support up to 128 GB memory, with AXLink cascading and PCIe 5.0. The toolchain is vLLM/SGLang-friendly for on-site large-model inference.

    Semiconductors • Pandaily

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Investment

  • RapidCanvas • Series B

    RapidCanvas raises nearly $29M Series B to help businesses build custom AI tools: RapidCanvas raised nearly $29M in Series B funding led by Vertex Ventures and Hitachi Ventures, CEO Rahul Pangam tells Axios. The Austin-based company uses agents to help businesses build and deploy custom AI applications.

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