MatX

Private

MatX designs custom silicon optimized for large language model training and inference, aiming to deliver 10x more computing power per square millimeter than Nvidia GPUs. Founded by former Google TPU engineers, the company is building the MatX One processor featuring a splittable systolic array architecture with SRAM-first design. Manufacturing is planned through TSMC with initial shipments targeted for 2027.

Founders Reiner Pope, Mike Gunter

CEO Reiner Pope

Company

Founded

2022

Headquarters

Mountain View, California, United States

Employees

51-200

Financials

Total Funding

$605M

Sectors

Artificial Intelligence Hardware

matx.com Twitter Blog

Funding History

3 rounds

Series B Feb 24, 2026

$500M

Jane Street (Lead) Situational Awareness (Lead) Spark Capital NFDG Ventures Marvell Technology Alchip Triatomic Capital Harpoon Ventures Patrick Collison Andrej Karpathy Nat Friedman Daniel Gross

Series A Nov 22, 2024

$80M

Valuation: $300M

Spark Capital (Lead)

Seed Mar 26, 2024

$25M

Nat Friedman (Lead) Daniel Gross (Lead) Homebrew SV Angel

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.