Semiconductors
MatX
An AI chip startup founded by ex-Google hardware engineers aiming to build processors '10 times better' than NVIDIA GPUs at training large language models. MatX raised a $500 million Series B in February 2026, led by Jane Street and the Situational Awareness fund with participation from Marvell Technology, NFDG, Spark Capital, and Stripe's Collison brothers, valuing the company at several billion dollars; MatX One chips will be manufactured through TSMC, with initial shipments targeted for 2027.
Sources
Every claim traced to a primary source — evidence, recent activity, and insider filing behavior, all in one place.
Evidence
2 sources · 58% avg. source confidence
- Bloomberg — MatX raises $500M Series B to challenge NVIDIA in AI chip training64% source confidence
- SiliconANGLE / Crunchbase News — MatX founders Reiner Pope and Mike Gunter detail LLM-specific chip strategy52% source confidence
Dependency Map
What MatX depends on below, and who depends on MatX above — click any node to make it the new center, 5 levels deep.
Connection type
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The Story So Far (last 6 months)
Auto-generated from this entity's dated milestones, relationship updates, and sourced evidence — not AI-written, just sorted.
MatX's Timeline
A sourced, dated history of MatX's key moments — founding to present.
Jan 2023 · Founded
MatX was founded by ex-Google hardware engineers to build AI training chips positioned as an alternative to NVIDIA GPUs.
Feb 2026 · $500M Series B led by Jane Street and Situational Awareness
MatX raised a $500 million Series B round led by Jane Street and the Situational Awareness fund, with participation from Marvell Technology, NFDG, Spark Capital, and Stripe's Collison brothers, valuing the company at several billion dollars.