MatX - About the company
MatX is a series B company based in Mountain View (United States), founded in 2022 by Mike Gunter and Reiner Pope. It operates as a Provider of custom high-throughput chips specifically optimized for training and serving Large Language Models. MatX has raised $620M in funding from Spark Capital and Jane Street, with a current valuation of $*****. The company has 98 active competitors, including 40 funded and 8 that have exited. Its top competitors include companies like Cerebras, Biren Technology and Celestial AI.
Company Details
Provider of custom high-throughput chips specifically optimized for training and serving Large Language Models. These hardware components facilitate training and inference for dense and mixture of expert models. The architecture utilizes static random access memory for weight storage to reduce latency and high bandwidth memory for context management. The design incorporates interconnect technology to support cluster scaling. The programming model provides direct hardware control for specific computational workloads.
- Website
- matx.com
- Social
- Registered Address
- Mountain View, CA
Key Metrics
Founded Year
2022
Location
Mountain View, United States
Stage
Series B
Total Funding
$620M in 3 rounds
Latest Funding Round
Post Money Valuation
$***** as on Nov 23, 2024
Investors
Ranked
6th among 98 active competitors
Employee Count
116 as on May 31, 2026
Legal entities associated with MatX
MatX is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MATX INC. CIN: 7229438 , United States, Active | Jan 10, 2023 | - | - | - |
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MatX's funding and investors
MatX has raised a total funding of $620M over 3 rounds. Its first funding round was on Dec 04, 2023. Its latest funding round was a Series B round on Feb 24, 2026 for $*****. 6 investors participated in its latest round. MatX has 6 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of MatX:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 24, 2026 | 8753994 | Series B | 6173048 | 2817550 | 7613632 | 2083664 |
Nov 22, 2024 | 8856840 | Series A | 2032063 | 3517093 | 7327987 | 9244521 |
Dec 04, 2023 | 4620196 | Seed | 2111063 | 2656465 | 8204095 |
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MatX's founders and board of directors
Founder? Claim ProfileHere are the details of MatX's key team members:
- Mike Gunter: Co-Founder & CTO of MatX. Contact Info: 1 email address
- Reiner Pope: Co-Founder & CEO of MatX. Contact Info: 1 email address
View details of MatX's Founder profiles and Board Members
MatX's employee count trend
MatX has 116 employees as of May 26. Here is MatX's employee count trend over the years:
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MatX's Competitors and alternates
Top competitors of MatX include Cerebras, Biren Technology and Celestial AI. Here is the list of Top 10 competitors of MatX, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Cerebras 2015, Sunnyvale (United States), Public | Provider of high-performance AI infrastructure and wafer-scale computing solutions | $2.82B | 72/100 | |
2nd |  Biren Technology 2019, Minhang (China), Public | Developer of AI acceleration modules, cards, and software development platforms | $904M | 70/100 | |
3rd |  Celestial AI 2020, Santa Clara (United States), Acquired | Developer of optical interconnect technology for artificial intelligence infrastructure systems | $589M | 68/100 | |
4th |  Axelera AI 2021, Eindhoven (Netherlands), Series C | Tech platform focused on AI inference acceleration, offering hardware, software, and integrated systems | $450M | 66/100 | |
5th |  EnCharge 2022, Santa Clara (United States), Series B | Developer of hardware and software for edge-to-cloud artificial intelligence compute | $144M | 64/100 | |
6th |  MatX 2022, Mountain View (United States), Series B | Provider of custom high-throughput chips specifically optimized for training and serving Large Language Models | $620M | 64/100 | |
7th |  EdgeCortix 2019, Chuo (Japan), Series B | Developer of energy-efficient AI processors, accelerators, modules, cards, and systems | $138M | 63/100 | |
8th | Platform offering HPC storage accelerator for enterprises | $205M | 63/100 | ||
9th |  Calligotech 2012, Bengaluru (India), Seed | Developer of computing solutions for high-performance computing and AI workloads | $2.67M | 62/100 | |
10th |  Etched 2022, Menlo Park (United States), Series A | Provider of specialized hardware for artificial intelligence designed to accelerate specific model types, such as transformers | $125M | 62/100 |
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MatX's Investments and acquisitions
MatX has made no investments or acquisitions yet.
Reports related to MatX
Here is the latest report on MatX:
News related to MatX
Media has covered MatX for a total of 9 events in the last 1 year, 3 of them have been about company updates.
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MatX Raises $500 Million in Series B Fundingsvdaily.com•Mar 12, 2026•Situational-Awareness, Alchip Technologies, Jane Street, MatX and 1 other
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Nvidia challenger AI chip startup MatX raised $500MTechCrunch+•Feb 25, 2026•Situational-Awareness, Jane Street, MatX, Google and 5 others
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Jane Street Boosts MicroStrategy Stake 473% in Bitcoin BetThe Crypto Times•Feb 23, 2026•Jane Street, Situational-Awareness, MatX, Google
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Google eyes wider market for its AI chips as it bumps up against top dog Nvidia: reportSeeking Alpha•Feb 20, 2026•Google, MatX, Nvidia
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QumulusAI Deploys 1,144 NVIDIA Blackwell GPUs Through Drawdown Under $500M USD.AI FacilityNewswire•Feb 19, 2026•Usd, Qumulus, Nvidia, MatX and 3 others
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