MatX
AI · Hardware
MatX Raises $500M Series B to Challenge Nvidia in AI Chips
February 24, 2026$500M · Series B
AI chip startup MatX secured $500 million in Series B funding led by Jane Street and Situational Awareness. The capital funds development of processors targeting 10x better performance for LLM training, with shipments planned for 2027.
Lead Investors
Jane StreetSituational Awareness
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