MatX, a chip startup founded by former Google TPU engineers, has secured a $500 million Series B funding round. The investment was led by Jane Street and Situational Awareness, an investment fund associated with former OpenAI researcher Leopold Aschenbrenner.
The company aims to enhance its processors to be 10 times more effective at training large language models (LLMs) and producing outcomes compared to Nvidia’s GPUs.
Additional backers in this funding round include Marvell Technology, NFDG, Spark Capital, and Stripe co-founders Patrick Collison and John Collison. MatX’s CEO Reiner Pope announced the news on LinkedIn.
MatX, founded in 2023, is preparing to manufacture its chips with TSMC and intends to commence shipments in 2027. Prior to MatX, Pope was involved in AI software development for Google’s TPUs, while co-founder Mike Gunter was a key TPU hardware designer before joining forces to establish the startup.
Source: TechCrunch