MatX Raises $500 Million Series B

<p><strong>MOUNTAIN VIEW<&sol;strong> &&num;8212&semi; MatX&comma; a company developing new chips for AI inference&comma; has raised a &dollar;500 million Series B round led by <a href&equals;"https&colon;&sol;&sol;www&period;janestreet&period;com&sol;">Jane Street<&sol;a>&comma; and <a href&equals;"https&colon;&sol;&sol;situational-awareness&period;ai&sol;">Situational Awareness LP<&sol;a>&comma; whose founder Leopold Aschenbrenner wrote the definitive memo on AGI &lpar;Artificial General Intelligence&rpar;&period; Participants include <a href&equals;"https&colon;&sol;&sol;www&period;sparkcapital&period;com&sol;">Spark Capital<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;danielgross&period;com&sol;">Daniel Gross<&sol;a> and <a href&equals;"https&colon;&sol;&sol;nat&period;org&sol;">Nat Friedman<&sol;a>’s fund&comma; <a href&equals;"https&colon;&sol;&sol;x&period;com&sol;patrickc">Patrick<&sol;a> and <a href&equals;"https&colon;&sol;&sol;x&period;com&sol;collision">John Collison<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;www&period;triatomic&period;ai&sol;">Triatomic Capital<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;www&period;harpoon&period;vc&sol;">Harpoon Ventures<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;x&period;com&sol;karpathy">Andrej Karpathy<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;www&period;dwarkesh&period;com&sol;">Dwarkesh Patel<&sol;a>&comma; and others&period; The company is also welcoming investors across the supply chain&comma; including <a href&equals;"https&colon;&sol;&sol;www&period;alchip&period;com&sol;">Alchip<&sol;a> and <a href&equals;"https&colon;&sol;&sol;www&period;marvell&period;com&sol;">Marvell<&sol;a>&period;<&sol;p>&NewLine;<p>The company says the funding will wrap up development and quickly scale manufacturing&comma; with tapeout in under a year&period;<&sol;p>&NewLine;<p>MatX was founded by CEO Reiner Pope and CTO Mike Gunter&period; The duo both worked as engineers at Google and helped develop the company&&num;8217&semi;s Tensor Processing Units &lpar;TPU&rpar;&period;<&sol;p>&NewLine;