Home / Technology / AI Chip Startup MatX Raises $500 Million to Compete With Nvidia

AI Chip Startup MatX Raises $500 Million to Compete With Nvidia

MatX, an AI chip startup founded by two alumni of Google’s semiconductor business, has raised more than $500 million in a new funding round to produce hardware that competes with Nvidia Corp.

MatX, an AI chip startup founded by two alumni of Google’s semiconductor business, has raised more than $500 million in a new funding round to produce hardware that competes with Nvidia Corp .
The financing was led by Jane Street and Situational Awar… [339 chars]

Source: Bloomberg | Published: 2026-02-24T13:00:02Z

Credit: Bloomberg

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