d-Matrix Raises $275 Million for AI Inference Chips

Santa Clara based d-Matrix has closed a $275 million Series C round at a $2 billion valuation, announced in a press release. The round brings the company's total funding to $450 million.

The round was led by a consortium including Bullhound Capital, Triatomic Capital, and Temasek. New participants included Qatar Investment Authority and EDBI, with continued participation from M12, Nautilus Venture Partners, Industry Ventures, and Mirae Asset.

d-Matrix said it will use the funding to advance its product roadmap, expand globally, and support deployments of its data center inference platform. Its products include Corsair inference accelerators, JetStream networking accelerators, and Aviator software.

The company says its platform can produce up to 30,000 tokens per second at 2 milliseconds per token on a Llama 70B model. It also says the system can run models with up to 100 billion parameters in a single rack.