MatX

Emerging

AI chip startup by ex-Google TPU engineers raised $500M+ Series B in Feb 2026 led by Jane Street; chips target 10x Nvidia for LLM training; shipping 2027 via TSMC

Updated April 2026

Company Overview

MatX is an AI chip startup founded by two Google TPU alumni designing custom processors specifically optimized for training large language models, targeting 10x performance improvement over Nvidia GPUs. The company raised over $500M in Series B funding led by Jane Street and Leopold Aschenbrenner's Situational Awareness fund, with backing from Marvell, Spark Capital, and the Stripe co-founders. MatX plans to fabricate chips at TSMC and begin shipping in 2027.

Revenue
$500M
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Key Differentiators

Emerging Innovator

MatX is an emerging player bringing innovative solutions to the AI Infrastructure & Models market.

Growth Stage

MatX has achieved $500M in revenue, demonstrating strong product-market fit.

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