"Semiconductor startup Positron has secured $230 million in Series B funding, TechCrunch has exclusively learned. The semiconductor startup plans to use the capital to speed up deployment of its high-speed memory chips, a critical component for the chips used for AI workloads, sources familiar with the matter told TechCrunch. Investors in the round include Qatar Investment Authority (QIA), the country's sovereign wealth fund, which has been increasingly focused on building out AI infrastructure, the sources said."
"The Reno-based startup's Series B comes as hyperscalers and AI firms push to reduce their reliance on longstanding leader Nvidia. These firms include OpenAI, which, despite being one of Nvidia's largest and most important customers, is reportedly unsatisfied with some of the firm's latest AI chips and has been seeking alternatives since last year. Meanwhile, Qatar, through QIA, has been accelerating a broader push into so-called "sovereign" AI infrastructure - a priority repeatedly underscored at Web Summit Qatar in Doha this week."
Positron raised $230 million in Series B funding to accelerate deployment of high-speed memory chips used in AI workloads. Qatar Investment Authority participated, reflecting Qatar's push to build sovereign AI infrastructure. The funding round brings total capital raised to just over $300 million after a prior $75 million round with investors including Valor Equity Partners, Atreides Management, DFJ Growth, Flume Ventures and Resilience Reserve. The Reno-based startup says its first-generation Atlas chip, manufactured in Arizona, can match Nvidia H100 GPU performance while consuming less than a third of the power. Positron is focused on inference.
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