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MatX , a startup design chips that support large linguistic communication models , has set up a Series A of approximately $ 80 million , three sources say , less than a year after raise its $ 25 million ejaculate round .
Spark Capital led the investing , value the company at a pre - money valuation in the mid-$200 million range and a post - money evaluation in the low $ 300 million range , a person who reviewed the lot tell TechCrunch .
MatX was co - founded two age ago by Mike Gunter , who antecedently worked at Google on the design of Tensor Processing Units ( TPUs ) , the tech colossus ’s AI chips , and Reiner Pope , who also came from Google ’s TPU team , where he wrote AI package .
Gunter and Pope hope to facilitate ease the shortfall of chips designed to handle AI workload . They say the sweet situation for their fries are AI workloads of “ at least ” 7 billion , and “ ideally ” 20 billion or more set off parameters . And they boast that their fries deliver high-pitched public presentation at more affordable cost , according to MatX’swebsite . The startup say its microprocessor chip are in particular good at scaling to large bunch because of MatX ’s sophisticated interconnect , aka the communication pathways that AI scrap use to remove data .
The pair tell apart Bloombergthat the company ’s goalis to make its processors 10 times better at training LLMs and extradite result than Nvidia ’s GPUs . The Information reportedlast month that MatX was look to raise between $ 75 million and $ 100 million for the round .
The startup ’s seed round wasannouncedlast December led by in high spirits - visibility AI angel investors Nat Friedman , former CEO of GitHub ; and Daniel Gross , who antecedently ran search and AI at Apple after Apple buy his startup , Cue , in 2013 . Friedman and Gross frequently angel gift together . Now , Gross has co - founded a new AI society , Safe Superintelligence , with former OpenAI chief scientist Ilya Sutskever .
party contrive chips have date an increase interest group from investors amid the AI boom and stratospheric demand for Nvidia ’s processors . Groq , a chip startup that was establish by former TPU technologist Jonathan Ross , saw its valuation nearly triplex to$2.8 billion in August , up from its previous valuation of $ 1 billion set in April .
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MatX and Spark did n’t answer to a request for comment .
