When was d-Matrix founded?

d-Matrix was founded in 2019 and became a unicorn in 2025, reaching the milestone in 6 years. It raised its 1st funding round 3 years after its incorporation.

Where is d-Matrix located?

d-Matrix is headquartered in Santa Clara, United States. It is registered at Santa Clara, California.

Who is the current CEO of d-Matrix?

Sid Sheth of d-Matrix. They have also founded 1 company.

How many employees does d-Matrix have?

As of Sep 30, 2026, the latest employee count at d-Matrix is 325.

Is d-Matrix a funded company?

d-Matrix is a funded company, having raised a total of $450M across 3 funding rounds to date. The company's 1st funding round was a $44M Series A round, raised on Apr 20, 2022.

How much is d-Matrix worth?

The latest valuation of d-Matrix is $2B as of Nov 11, 2025.

When was the latest funding round of d-Matrix?

d-Matrix's latest funding was a $275M Series C round on Nov 12, 2025, with participation from 9 investors.

Is d-Matrix a Digital ICs company?

The primary sectors of d-Matrix are Digital ICs, Artificial Intelligence and AI Infrastructure.

Where does d-Matrix rank among its competitors?

d-Matrix ranks 1st amongst 34 active competitors, of which 18 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Fractile, which secured $770M in Oct, 2026.

Who are the top competitors of d-Matrix?

d-Matrix's top competitors include Fractile, XCENA and Oxmiq. Among them, Fractile secured the most recent funding round in October, 2026.

d-Matrix - 2026 Company Profile, Team, Funding & Competitors

Sectors and market segments that d-Matrix operate in

d-Matrix serves in the Semiconductors, Native AI, High Tech market segments.The primary business model of d-Matrix are:

Company Details

Developer of memory centric compute hardware for artificial intelligence inference. This technology integrates high bandwidth memory and compute engines on a single fabric to accelerate data processing. The architecture utilizes a memory first approach to reduce latency and improve energy efficiency for large scale workloads. These hardware solutions support rack level scaling and are designed to integrate with existing processing platforms to optimize performance for generative models.

Website: d-matrix.ai
Social
Email ID: *****@d-matrix.ai
Registered Address: Santa Clara, California

Key Metrics

Founded Year

2019

Location

Santa Clara, United States

Stage

Series C

Total Funding

$450M in 3 rounds

Latest Funding Round

Series C, Nov 12, 2025, $275M

Post Money Valuation

$2B as on Nov 11, 2025

Investors

Temasek & 27 more

Ranked

1^st among 34 active competitors

Employee Count

325 as on Sep 30, 2026

Investment & Acquisitions

Wallaroo.AI

Similar Companies

Nvidia & 616 more

View d-Matrix's full profile

d-Matrix is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
D-MATRIX INDIA PRIVATE LIMITED CIN: U72900KA2022PTC157603 , India, Active	Feb 07, 2022	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
D-MATRIX CORPORATION CIN: 841804577 , United States, Active	Dec 31, 1999	-	127 (As on Dec 31, 2024)	-

d-Matrix has raised a total funding of $450M over 3 rounds. Its first funding round was on Apr 20, 2022. Its latest funding round was a Series C round on Nov 12, 2025 for $275M. 9 investors participated in its latest round. d-Matrix has 28 institutional investors.

Here is the list of recent funding rounds of d-Matrix:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 12, 2025	$275M	Series C	$2B	-	Bullhound Capital, Triatomic, Temasek	EDBI, Qatar Investment Authority, M12, Nautilus Venture Partners, Industry Ventures, Mirae Asset
Sep 06, 2023	$110M	Series B	$500M	-	Temasek	M12, Nautilus Venture Partners, Entrada Ventures, Industry Ventures, Mirae Asset, Cortes Capital, Archerman Capital, Lam Capital, Samsung Venture Investment, TGC Square, Marlan Holdings, Playground Global, Ericsson
Apr 20, 2022	$44M	Series A	-	-	Playground Global	M12, SK hynix, Nautilus Venture Partners, Marvell, Entrada Ventures

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View details of d-Matrix's funding rounds and investors

The founders of d-Matrix are Sid Sheth and Sudeep Bhoja. Sid Sheth is the CEO of d-Matrix.

Here are the details of d-Matrix's key team members:

Sid Sheth: Co-Founder, President & CEO of d-Matrix.
Contact Info: 1 email address
Sudeep Bhoja: Co-Founder & CTO of d-Matrix.
Contact Info: 1 email address

View details of d-Matrix's Founder profiles and Board Members

d-Matrix's employee count trend

d-Matrix has 325 employees as of Sep 26. Here is d-Matrix's employee count trend over the years:

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Top competitors of d-Matrix include Fractile, XCENA and Oxmiq. Here is the list of Top 10 competitors of d-Matrix, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	d-Matrix 2019, Santa Clara (United States), Series C	Developer of memory centric compute hardware for artificial intelligence inference	$450M	Ericsson, Temasek & 26 others	67/100
2nd	Fractile 2022, London (United Kingdom), Series C	Developer of AI chips for running large AI models	$260M	Oxford Science Enterprises, Kindred Capital ... & 22 others	64/100
3rd	XCENA 2022, Seongnam si (South Korea), Series B	Developer of computational memory and hardware-software co-optimized architecture for data processing	$185M	IMM Investment, Atinum Investment & 17 others	62/100
4th	Oxmiq 2023, Campbell (United States), Series A	Developer of hardware and software for GPU re-architecting and acceleration	$55M	Samsung Catalyst Fund, Fundomo & 7 others	61/100
5th	Ziroh Labs 2016, Bengaluru (India), Seed	Developer of high-performance AI platform running large models on CPUs	$91K	Cisco, MassChallenge & 8 others	58/100
6th	Kepler Computing 2018, Moraga (United States), Series D	Developer of high performance memory and logic for artificial intelligence	$649M	Baillie Gifford, Liquid 2 Ventures & 6 others	52/100
7th	Synthara Systems 2017, Zurich (Switzerland), Series A	Developer of in-memory computing technology for embedded semiconductor chip integration	$5.52M	Zurcher Kantonalbank, OTB Ventures & 16 others	49/100
8th	Tsavorite Scalable Intelligence 2023, Milpitas (United States), Series A	Developer of scalable enterprise AI chiplets for high-performance computing	$22.9M	Pavestone Capital, Nirman Ventures	47/100
9th	Xinyuan Semiconductor 2020, Shanghai (China), Series A	Developer of non-volatile memory devices	-	Yijing Capital, Weihuameter & 4 others	46/100
10th	optoML 2024, Bengaluru (India), Seed	Developer of semiconductor hardware for artificial intelligence inference compute tasks	$1.8M	Bluehill VC, A99	46/100