Nvidia challenger AI chip startup MatX raised $500M
The startup was founded by former Google TPU engineers in 2023.
TL;DR
- MatX, founded by ex-Google TPU engineers, raised $500 million in Series B funding.
- The funding round was led by Jane Street and Situational Awareness.
- MatX aims to create AI processors 10 times better than Nvidia's GPUs for LLMs.
- The company plans to start shipping chips in 2027, manufactured by TSMC.
- Previous funding included a $100 million Series A round.