AI-Chip Startup MatX Nabs $500 Million
In the third big AI-chip announcement today, MatX has announced its Series B. Coming a year after its Series A, MatX has raised $500 million. Yeah, that's going to leave a mark if the company doesn't pan out.
Founded by ex-Googlers, MatX disclosed it's first chip, the MatX One, will employ both SRAM and HBM (assuming they can find some to buy). They promise the One will have leading LLM throughput and latency.
There's no shortage of companies pursuing this market. Regardless of their pedigree, MatX founders must deliver their promised performance and cost breakthrough to escape the also-ran peloton.
