AI chip startup d-Matrix raises $275M at $2B valuation to challenge Nvidia's grip on AI inference
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AI chip startup d-Matrix raises $275M at $2B valuation to challenge Nvidia's grip on AI inference. Santa Clara-based AI chip startup d-Matrix has raised $275 million in Series C funding, catapulting the company to a $2 billion valuation and signaling a major shift in the battle for AI inference dominance, the company announced Wednesday. The round was backed by some of the biggest global investors - including Microsoft, sovereign wealth funds from Qatar and Singapore, and returning backers Temasek and Bullhound - bringing d-Matrix's total funding to $450 million. "D-Matrix Corp., a Microsoft Corp.-backed AI chip startup, raised $275 million from new investors including Qatar Investment Authority and Singapore's EDBI, valuing the company at $2 billion. The funding round was co-led by European technology investor BullhoundCapital, Triatomic Capital, and Singapore state investor Temasek," Bloomberg reported. The investment comes at a moment when hyperscalers are feeling the strain of AI's runaway costs. As models like ChatGPT grow larger, the price of running them - especially during inference, when models generate real-time responses - has become one of the industry's most expensive bottlenecks. d-Matrix believes it has the answer: a new class of silicon built specifically for inference, engineered to deliver high performance with lower latency, smaller power draw, and...
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