{"id":713483,"date":"2026-02-25T10:25:18","date_gmt":"2026-02-25T07:25:18","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/nvidia-challenger-ai-chip-startup-matx-raised-500m\/"},"modified":"2026-02-25T10:25:18","modified_gmt":"2026-02-25T07:25:18","slug":"nvidia-challenger-ai-chip-startup-matx-raised-500m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nvidia-challenger-ai-chip-startup-matx-raised-500m\/","title":{"rendered":"Nvidia challenger AI chip startup MatX raised $500M"},"content":{"rendered":"
\n

MatX, a chip startup founded by two former Google hardware engineers, has raised a $500 million Series<\/a> B led by Jane Street and Situational Awareness, an investment fund formed by former OpenAI researcher Leopold Aschenbrenner.<\/p>\n

The company\u2019s goal is to make its processors 10 times better at training LLMs and delivering results than Nvidia\u2019s GPUs. \u00a0<\/p>\n

Other investors in the round include Marvell Technology<\/a>, NFDG, Spark Capital, and Strip<\/a>e co-founders Patrick Collison and John Collison, the startup\u2019s founder and CEO Reiner Pope announced Tuesday in a post on LinkedIn<\/a>.<\/p>\n

Although the company didn\u2019t release its latest valuation, Etched, MatX\u2019s closest competitor, raised a $500 million round at a $5 billion valuation<\/a>, Bloomberg reported last month. Etched didn\u2019t immedia<\/a>tely respond to a request for comment.<\/p>\n

MatX\u2019s latest round comes more than a year after its Series A of about $100 million, which was led by Spark Capital. TechCrunch earlier reported that the 2024 round valued the startup at more than $300 million.<\/p>\n

Before co-founding MatX<\/a> in 2023, Pope led AI software development for Google\u2019s TPUs, the tech giant\u2019s proprietary AI chips. His co-founder, Mike Gunter, was a lead designer of the TPU hardware before leaving to launch the startup.<\/p>\n

The new funding will help MatX produce its chips with TSMC, with plans to start shipping them in 2027.<\/p>\n

\n
\n

Techcrunch event<\/p>\n

\n

\n\t\t\t\t\t\t\t\t\tBoston, MA<\/span>
\n\t\t\t\t\t\t\t\t\t\t\t\t\t|<\/span>
\n\t\t\t\t\t\t\t\t\t\t\t\t\tJune 9, 2026<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

\n

If you want to read more like this article, you can visit our Technology<\/a><\/span> category.<\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

MatX, a chip startup founded by two former Google hardware engineers, has raised a $500 million Series B led by Jane Street and Situational Awareness, an investment fund formed by former OpenAI researcher Leopold Aschenbrenner. The company\u2019s goal is to make its processors 10 times better at training LLMs and delivering results than Nvidia\u2019s GPUs….<\/p>\n","protected":false},"author":1,"featured_media":713484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/09\/chip-manufacturing-getty.jpg?w=1200","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[77337,151495,152777,160766,52711,151418,160767,70917,160768],"class_list":["post-713483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-ai","tag-ai-chips","tag-chips","tag-etched","tag-hardware","tag-in-brief","tag-matx","tag-startups","tag-tpu"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/713483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=713483"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/713483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/713484"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=713483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=713483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=713483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}