This year, there has been increased investor interest in Greece’s startup ecosystem, with Greek startups having raised $313 million since the beginning of the year, according to data from Marathon Venture Capital cited by *Kathimerini*. The amount comes from 16 Greek and foreign investors across 21 funding rounds, mainly involving companies in the fields of artificial intelligence, robotics, defense and health technologies.
The largest share was raised by Axelera AI, a company founded by Greek researcher Evangelos Eleftheriou, headquartered in the Netherlands with a presence in Greece, which develops low-power AI chips. The company raised $250 million, with participation from investors such as BlackRock.
Greek startups are considered to be companies that have a presence or headquarters in Greece and at least one Greek co-founder.
Significant funding of $30 million was also secured by August Robotics, founded by Greek-origin entrepreneur Alex Wyatt, which develops autonomous robots for work on large construction sites, with an initial application in artificial intelligence data centers.
The momentum is expected to continue, as at least three new investments are estimated to be completed by September, worth €2.5–4 million each, all in the AI sector.
Source: Kathimerini
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