How much funding has MatX raised?

MatX has raised $600.0M in total funding, most recently a Series B round.

Who are MatX's investors?

MatX's investors include Jane Street, Spark Capital, Situational Awareness, Marvell Technology, Homebrew.

Where is MatX headquartered?

MatX is headquartered in Mountain View, California, United States.

What industry is MatX in?

MatX operates in Artificial Intelligence, Semiconductors.

MatX

High-throughput chips for LLMs

Mountain View, United States · Founded 2023 · $600.0M raised

Artificial Intelligence

Semiconductors

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.

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