MatX (Series A)
Funding Details
- Awarder
- Inbox
- Date Award
- November 22, 2024
- Vertical
- AI Chips
- Funding URL
- View Funding Page
- Premoney Valuation
- $200,000,000
- Valuation
- $300,000,000
- Funding Amount:
- $80,000,000
Company Info
- Founding Year
- 2022
- Traction
- Raised $80 million in Series A funding, following a $25 million seed round less than a year prior.
- Founders
- Mike Gunter, Reiner Pope
- Company Description
- MatX is a startup designing chips that support large language models, aiming to ease the shortage of chips designed for AI workloads. Their chips are optimized for high performance at affordable prices, particularly for AI workloads with at least 7 billion parameters.
- Market
- AI Workloads
- Coinvestors
- Spark Capital