Nvidia challenger AI chip startup MatX raised $500M
AI chip startup MatX, founded by ex-Google engineers, secured $500 million in Series B funding to challenge Nvidia's GPU dominance.Summary
MatX, an AI chip startup co-founded by two former Google hardware engineers, Reiner Pope and Mike Gunter, announced it raised $500 million in a Series B funding round. The round was led by Jane Street and Situational Awareness, an investment fund established by former OpenAI researcher Leopold Aschenbrenner. Other notable investors include Marvell Technology, NFDG, Spark Capital, and Stripe co-founders Patrick and John Collison. MatX aims to create processors that are ten times better than Nvidia's GPUs for training and running large language models (LLMs). This new funding follows a Series A round of about $100 million from the previous year. The capital will be used to manufacture its chips with TSMC, with plans to begin shipping them in 2027.
(Source：TechCrunch)