{"id":24878,"date":"2026-02-25T01:09:12","date_gmt":"2026-02-25T01:09:12","guid":{"rendered":"https:\/\/microvibenews.com\/?p=24878"},"modified":"2026-02-25T01:09:12","modified_gmt":"2026-02-25T01:09:12","slug":"nvidia-challenger-ai-chip-startup-matx-raised-500m","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=24878","title":{"rendered":"Nvidia challenger AI chip startup MatX raised $500M"},"content":{"rendered":"


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MatX, a chip startup founded by two former Google hardware engineers, has raised a $500 million Series B led by Jane Street and Situational Awareness, an investment fund formed by former OpenAI researcher Leopold Aschenbrenner.<\/p>\n

The company\u2019s goal is to make its processors 10 times better at training LLMs and delivering results than Nvidia\u2019s GPUs. \u00a0<\/p>\n

Other investors in the round include Marvell Technology, NFDG, Spark Capital, and Stripe co-founders Patrick Collison and John Collison, the startup\u2019s founder and CEO Reiner Pope announced Tuesday in a post on LinkedIn<\/a>.<\/p>\n

Although the company didn\u2019t release its latest valuation, Etched, MatX\u2019s closest competitor, raised a $500 million round at a $5 billion valuation<\/a>, Bloomberg reported last month. Etched didn\u2019t immediately respond to a request for comment.<\/p>\n

MatX\u2019s latest round comes more than a year after its Series A of about $100 million, which was led by Spark Capital. TechCrunch earlier reported that the 2024 round valued the startup at more than $300 million<\/a>.<\/p>\n

Before co-founding MatX<\/a> in 2023, Pope led AI software development for Google\u2019s TPUs, the tech giant\u2019s proprietary AI chips. His co-founder, <\/strong>Mike Gunter, was a lead designer of the TPU hardware before leaving to launch the startup.<\/p>\n

The new funding will help MatX produce its chips with TSMC, with plans to start shipping them in 2027.<\/p>\n

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Techcrunch event<\/p>\n

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\n\t\t\t\t\t\t\t\t\tBoston, MA<\/span>
\n\t\t\t\t\t\t\t\t\t\t\t\t\t|<\/span>
\n\t\t\t\t\t\t\t\t\t\t\t\t\tJune 9, 2026<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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