MatX
High-throughput chips for LLMs
Mountain View, United States · Founded 2023 · $600.0M raised
- Headquarters
- Mountain View, California
- Employees
- 11–50
- Founded
- 2023
- Business Model
- B2B
- Website
- matx.com
- Total Funding
- $600.0M
- Last Round
- $500.0M Series BFeb 2026
- Rounds
- 2
About
MatX designs high-throughput AI chips purpose-built for large language model training and inference. Founded by former Google TPU architects, the company's MatX One chip targets frontier AI labs with industry-leading FLOPS per mm², SRAM-resident weights for ultra-low latency, and massive scale-out interconnect supporting hundreds of thousands of chips. MatX raised a $500M Series B in February 2026 to accelerate chip production.
Summary
MatX is an Artificial Intelligence company based in Mountain View, United States, founded in 2023. It has raised $600.0M in total across 2 rounds, most recently a $500.0M Series B round in Feb 2026. Investors include Jane Street, Spark Capital and Situational Awareness.
Tech & App Stack
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Funding History
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Feb 2026
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Series A through Series B — per-round amounts, valuations, and who invested in each round.
Investors
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