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

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