tech
February 4, 2026
Exclusive: Positron raises $230M Series B to take on Nvidia's AI chips
The investment comes from backers including the Qatar Investment Authority as demand for chips beyond Nvidia soars and as Qatar aims to build out its AI infrastructure.
TL;DR
- Positron, an AI semiconductor startup, has raised $230 million in Series B funding.
- The capital will be used to speed up the deployment of its high-speed memory chips for AI workloads.
- Qatar Investment Authority (QIA) led the funding round, signaling Qatar's focus on AI infrastructure.
- The funding comes as companies seek alternatives to Nvidia's AI chips, with OpenAI reportedly dissatisfied.
- Qatar is investing in 'sovereign' AI infrastructure, viewing compute capacity as vital for global competitiveness.
- Positron's previous funding includes $75 million raised last year.
- The startup's Atlas chip aims to match Nvidia's H100 performance at less than a third of the power.
- Positron focuses on inference (running AI models) rather than training large language models.
- Positron's chips also reportedly perform well in high-frequency and video-processing tasks.
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