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

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.