CompaniesInvestorsPeople
Home
Loading

aVenture is in Beta: research coverage is expanding as we build, so please independently verify key details before making investment decisions.

aVenture is in Beta: research coverage is expanding as we build, so please independently verify key details before making investment decisions.

Get in Touch

  • Contact

  • Request a Demo

  • Request Data Updates

  • Add a Company

Research

  • Companies

  • Investors

  • People

aVenture

  • Download App

  • Pricing

Download the aVenture Research beta for iOS and iPadOSDownload aVenture Research on the Mac App Store

Resources

  • Documentation

  • Use Cases

  • CLI

  • MCP

  • Feature Requests

  • Sitemap

Member

Backed by

Ask AI about aVenture

© aVenture Investment Company, 2026. All rights reserved.

San Francisco, CA, USA

Privacy · Terms of Service

aVenture Investment Company ("aVenture") is an independent research platform providing detailed analysis and data on startups, venture capital investments, and key industry individuals. It is not a registered investment adviser, broker-dealer, or investment advisor and does not provide investment advice or recommendations. The data provided by aVenture does not constitute recommendations or advice, whether by methodology, analysis, AI-generated content, or a statement written by a staff member of aVenture.

aVenture is not affiliated with any of the people, companies, organizations, government agencies, regulatory bodies, or investment funds we provide coverage for on this site unless explicitly stated otherwise. Users assume full responsibility for decisions made based on information obtained from this platform. Links to external websites do not imply endorsement or affiliation with aVenture. Any links that provide the ability to invest in a primary or secondary transaction in a company are for convenience only and do not constitute solicitations or offers to buy or sell an investment. Investors should exercise heightened precaution and due diligence when investing in private companies, especially those not independently audited.

While we strive to provide valuable insights with objectivity and professional diligence, we cannot guarantee the accuracy of the information provided on our platform. Before making any investment decisions, you should verify the accuracy of all pertinent details for your decision. To the fullest extent permitted by law, aVenture shall not be liable for any direct, indirect, incidental, consequential, or financial damages arising from use of this site, whether by consumers of its contents directly or by persons or organizations covered by our research, even if we are advised of the possibility. Our best-efforts processes and correction request forms do not create a warranty or duty of care.

Profiles on this platform may include content generated in part by large language models (LLMs, artificial intelligence) that aggregate publicly available sources (e.g., SEC EDGAR, public filings, press releases). Source attribution is provided where known; always verify statements and claims here against original sources before relying on any data. Content on our site may contain inaccuracies, omissions, or what are commonly called 'hallucinations' if generated in part or in full by AI / LLMs. The risk can also exist even when content is written by a human, as internal and third-party sources may also have inaccuracies for the same or different reasons. While we randomly audit a proportion of content, this is not exhaustive.

We recommend that an independent auditor be hired to verify the accuracy of the information before relying on it for any sensitive decisions. By accessing this platform, you agree not to rely solely on any information generated by AI, aggregated, or sourced or written otherwise on this site, for investment, financial, or other decisions. aVenture assumes no responsibility for inaccuracies, omissions, or hallucinations. You must independently verify all data from primary sources. Use of this platform constitutes your waiver of claims for reliance-based damages, including negligent misrepresentation. To report an error, request a correction, or dispute information about a company or individual, contact us via our request data updates form.

Loading
Loading
Home
News
Nvidia challenger AI chip startup MatX raised $500M

From TechCrunch

By Marina Temkin

February 24, 2026

Nvidia challenger AI chip startup MatX raised $500M

Nvidia challenger AI chip startup MatX raised $500M

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.  

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.

Although the company didn’t release its latest valuation, Etched, MatX’s closest competitor, raised a $500 million round at a $5 billion valuation, Bloomberg reported last month. Etched didn’t immediately respond to a request for comment.

MatX’s latest round comes more than a year after its Series A of about $100 million, which was led by Spark Capital. TechCrunch earlier reported that the 2024 round valued the startup at more than $300 million.

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.

View original article on techcrunch.com

Most Recent

Elorian’s first AI model wants to reason with images, not just about them

According to Elorian's evaluations, Glimpse outperforms even GPT-6 Astra on scientific chart reasoning and short-form video captioning, with competitive results on other visual reasoning tasks.

Oct 16, 2026

Tressfecta wants to make hair braiding a less arduous task for hairstylists

Tressfecta builds products for textured hair. Its first project is a tool called Plait Pilot that helps braiders with the initial process of separating hair from packs before braiding begins.

Oct 16, 2026

Veritas expands its anti-counterfeit chip to jewelry, trophies, and fragrance bottles

Counterfeiters are getting better at replicating brands' marks and passing off dupes, known as "superfakes," as genuine items. A startup called Veritas wants to tackle the problem with its own chip that verifies goods.

Oct 16, 2026

When it came to Cal AI’s viral success, a small army of influencers paid off

The company generated over $30 million in revenue in two years and was acquired by MyFitnessPal for an undisclosed amount of money in March.

Oct 15, 2026

Similar Posts

AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors

Etched, founded by three Harvard dropouts, has created new chips and memory components that speed up inference on any AI model -- no GPUs required, it says.

Jul 23, 2026

AI chip startup MatX, founded by Google alums, raises Series A at $300M+ valuation, sources say

MatX raised an approximately $80 million to $100 million Series A led by Spark Capital, following a $25 million seed round led by Nat Friedman and Daniel Gross. Co-founders Mike Gunter and Reiner Pope came from Google's TPU program.

Nov 21, 2024

AI chip startup MatX reportedly raises $80M funding round

SiliconANGLE reports, citing sources, that MatX raised roughly $80 million led by Spark Capital at a valuation above $300 million. The company, founded in 2022 by former Google TPU engineers Reiner Pope and Mike Gunter, is building large-language-model-optimized chips with low-level hardware control and clusters of hundreds of thousands of chips.

Nov 21, 2024

Exclusive: Positron raises $230M Series B to take on Nvidia’s AI chips

The investment comes from backers including the Qatar Investment Authority as demand for chips beyond Nvidia soars and as Qatar aims to build out its AI infrastructure.

Feb 4, 2026