"MatX, a chip startup founded by two former Google hardware engineers, has raised a $500 million Series B led by Jane Street and Situational Awareness, an investment fund formed by former OpenAI researcher Leopold Aschenbrenner. The company's goal is to make its processors 10 times better at training LLMs and delivering results than Nvidia's GPUs."
"Before co-founding MatX in 2023, Pope led AI software development for Google's TPUs, the tech giant's proprietary AI chips. His co-founder, Mike Gunter, was a lead designer of the TPU hardware before leaving to launch the startup. The new funding will help MatX produce its chips with TSMC, with plans to start shipping them in 2027."
"Other investors in the round include Marvell Technology, NFDG, Spark Capital, and Stripe co-founders Patrick Collison and John Collison, the startup's founder and CEO Reiner Pope announced Tuesday in a post on LinkedIn. MatX's latest round comes more than a year after its Series A of about $100 million, which was led by Spark Capital."
MatX, founded by former Google hardware engineers Reiner Pope and Mike Gunter, secured $500 million in Series B funding led by Jane Street and Situational Awareness. The startup aims to create processors significantly superior to Nvidia's GPUs for training large language models. Pope previously led AI software development for Google's TPUs, while Gunter designed TPU hardware. The funding round includes investors like Marvell Technology, Spark Capital, and Stripe co-founders. MatX plans to manufacture chips with TSMC, beginning shipments in 2027. This follows a Series A of approximately $100 million in 2023, which valued the company at over $300 million.
#ai-chip-design #gpu-alternatives #series-b-funding #llm-training-hardware #semiconductor-manufacturing
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