AI Chip Startup d-Matrix Raises $110 mn
At a time when many chip startups are struggling to secure capital, Silicon Valley-based artificial intelligence semiconductor startup d-Matrix has raised $110 million from investors including Microsoft Corp.
According to individuals contacted by Reuters, Nvidia’s dominant position in the AI chip market as a result of a formidable combination of hardware and software has scared off potential investors in some firms.
Temasek of Singapore led the Series B fundraising round, which also included Palo Alto, California venture company Playground Global and Microsoft. The company has previously raised $44 million.
D-Matrix designs chips for generative AI applications like ChatGPT, using digital “in-memory compute” to optimize AI computer code efficiency. The company’s chip technology uses less energy to crunch data for generative AI responses. D-Matrix sets itself apart from Nvidia by focusing on the “inference” portion of AI processing, rather than competing with Nvidia by creating large AI model training technology.
(With inputs from Shikha Singh)
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