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Guess what? Another AI chip startup, MatX, founded by those genius Google alums, just raised $80 million at a whopping $300 million valuation. Who knew making chips for our robot overlords could be so lucrative? Check out the details here: https://t.co/vuJCrr9b3M
Sources: MatX, which designs chips to train LLMs, raised a ~$80M Series A led by Spark Capital, at a ~$300M valuation, after raising a $25M seed in March (@mtemkin / TechCrunch) https://t.co/R0adRM2zJL š« Subscribe: https://t.co/OyWeKSRpIM https://t.co/UnWRt310yv
AI chip startup MatX, founded by Google alums, raises Series A at $300M+ valuation, sources say: https://t.co/QBskmrLFvd by TechCrunch #infosec #cybersecurity #technology #news
MatX, an AI chip startup founded by former Google employees, has successfully raised approximately $80 million in a Series A funding round. This funding comes less than a year after the company secured $25 million in a seed round in March 2024. The Series A round was reportedly led by Spark Capital and values MatX at over $300 million. The company specializes in designing chips that support large language models (LLMs), which are crucial for advancements in artificial intelligence technology.