Home
Loading

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

Get in touch

  • Contact

  • Request a demo

  • Request data updates

  • Add a company

Research

  • Companies

  • Investors

  • People

aVenture

  • Sitemap

  • Feature requests

Member

Backed by

© aVenture Investment Company, 2026. All rights reserved.

San Francisco, CA, USA

Privacy Policy

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 25, 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

Neil Rimer thinks the AI money is coming back out

Neil Rimer thinks the AI money is coming back out

Neil Rimer, the venture capitalist who co-founded Index Ventures, predicts the historic wealth AI is generating in Silicon Valley will have to be redistributed, voluntarily or involuntarily.

Jul 17, 2026

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models for coding.

Jul 17, 2026

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

The potential deal highlights a growing trend of complex, multi-stage funding rounds that mask true entry prices.

Jul 17, 2026

AI-powered travel agency Fora hits unicorn status, raises $60M

AI-powered travel agency Fora hits unicorn status, raises $60M

Travel agency Fora announced a $60 million Series D round led by Forerunner and Tactile Ventures, valuing the company at $1 billion.

Jul 16, 2026

Similar Posts

Nvidia’s AI empire: A look at its top startup investments

Nvidia’s AI empire: A look at its top startup investments

No company has capitalized on the AI revolution more dramatically than Nvidia. Its revenue, profitability, and cash reserves have skyrocketed since the introduction of ChatGPT a little over two years ago — and the many competitive generative AI services that have launched since. And its stock price soared more than eightfold. During that period, the world’s leading high-performance GPU maker has used its ballooning fortunes to significantly increase investments in all sorts of startups but par

Jan 11, 2025

Nvidia’s AI empire: A look at its top startup investments

Nvidia’s AI empire: A look at its top startup investments

Over the last two years, Nvidia has used its ballooning fortunes to invest in over 100 AI startups. Here are the giant semiconductor's largest investments.

Jan 2, 2026

Rebellions lands $124M to develop its new AI Rebel chip with Samsung

Rebellions lands $124M to develop its new AI Rebel chip with Samsung

Rebellions, a South Korean fabless AI chip startup, said today it has closedn$124 million (165 billion KRW) in a Series B round of funding to develop itsnthird AI chip, called Rebel. The startup will also use the new capital,noversubscribed with an initial target of $90 million, to ramp up production ofnits […]

Jan 29, 2024

Fabless AI chip makers Rebellions and Sapeon to merge as competition heats up innglobal AI hardware industry

Fabless AI chip makers Rebellions and Sapeon to merge as competition heats up innglobal AI hardware industry

South Korea’s fabless AI chip industry saw a slew of fundraising events over thenlast couple of years as demand for hardware to power AI applicationsnskyrocketed, and it seems the space is already consolidating. Two of thencountry’s prominent fabless AI chip startups, Rebellions and Sapeon, have agreednto merge, the companies said on […]

Jun 12, 2024

Most Recent

Neil Rimer thinks the AI money is coming back out

Neil Rimer thinks the AI money is coming back out

Neil Rimer, the venture capitalist who co-founded Index Ventures, predicts the historic wealth AI is generating in Silicon Valley will have to be redistributed, voluntarily or involuntarily.

Jul 17, 2026

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models for coding.

Jul 17, 2026

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

The potential deal highlights a growing trend of complex, multi-stage funding rounds that mask true entry prices.

Jul 17, 2026

AI-powered travel agency Fora hits unicorn status, raises $60M

AI-powered travel agency Fora hits unicorn status, raises $60M

Travel agency Fora announced a $60 million Series D round led by Forerunner and Tactile Ventures, valuing the company at $1 billion.

Jul 16, 2026

Similar Posts

Nvidia’s AI empire: A look at its top startup investments

Nvidia’s AI empire: A look at its top startup investments

No company has capitalized on the AI revolution more dramatically than Nvidia. Its revenue, profitability, and cash reserves have skyrocketed since the introduction of ChatGPT a little over two years ago — and the many competitive generative AI services that have launched since. And its stock price soared more than eightfold. During that period, the world’s leading high-performance GPU maker has used its ballooning fortunes to significantly increase investments in all sorts of startups but par

Jan 11, 2025

Nvidia’s AI empire: A look at its top startup investments

Nvidia’s AI empire: A look at its top startup investments

Over the last two years, Nvidia has used its ballooning fortunes to invest in over 100 AI startups. Here are the giant semiconductor's largest investments.

Jan 2, 2026

Rebellions lands $124M to develop its new AI Rebel chip with Samsung

Rebellions lands $124M to develop its new AI Rebel chip with Samsung

Rebellions, a South Korean fabless AI chip startup, said today it has closedn$124 million (165 billion KRW) in a Series B round of funding to develop itsnthird AI chip, called Rebel. The startup will also use the new capital,noversubscribed with an initial target of $90 million, to ramp up production ofnits […]

Jan 29, 2024

Fabless AI chip makers Rebellions and Sapeon to merge as competition heats up innglobal AI hardware industry

Fabless AI chip makers Rebellions and Sapeon to merge as competition heats up innglobal AI hardware industry

South Korea’s fabless AI chip industry saw a slew of fundraising events over thenlast couple of years as demand for hardware to power AI applicationsnskyrocketed, and it seems the space is already consolidating. Two of thencountry’s prominent fabless AI chip startups, Rebellions and Sapeon, have agreednto merge, the companies said on […]

Jun 12, 2024