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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.
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