AI Chip Innovator MatX Secures Series A Funding at $300M Valuation
MatX, a chip startup founded by former Google engineers, has raised approximately $80 million in a Series A funding round led by Spark Capital, valuing the company at over $300 million. The startup, which focuses on designing chips for large language models, aims to address the AI chip shortage by offering high-performance, cost-effective solutions. MatX's founders, Mike Gunter and Reiner Pope, previously worked on Google's Tensor Processing Units and aim to outperform NVIDIA's GPUs in training AI models. The funding reflects growing investor interest in AI chip companies.
