# MatX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/matx

- Industry: Hardware
- Headquarters: Covina, US
- Website: www.matx.com
- Total disclosed funding: $648M
- Latest round: Series B (Feb 18, 2026)
- Investors on record: 13

## About

Based in California, US, and founded in 2023 by CTO Mike Gunter and CEO Reiner Pope, MatX Inc., a.k.a. MatX operates as a hardware design company that focuses on designing high-throughput chips tailored for large language models (LLMs) used in artificial intelligence. In February 2026, MatX Inc. raised USD 500 million in series B funding co-led by Jane Street Capital and Situational Awareness, with participation from Marvell Technology Group Ltd., NFDG Ventures, Alchip Technologies Inc., Harpoon Ventures, Triatomic Capital, and Spark Capital.

The company provides hardware products for large models, prioritizing performance per dollar and competitive latency. Targeting transformer-based models with billions of activated parameters, MatX hardware supports multiple users for inference and training FLOPs. The firm’s hardware products deliver 10× more computing power, which enables developers and programmers to enhance the efficiency, speed, and affordability of AI applications. The company plans to use the proceeds from February 2026 funding to manufacture its chips.

## Funding rounds

- Series B, Feb 18, 2026, $528M — Spark Capital, Alchip Technologies Inc., Marvell Technology Group Ltd., Harpoon Ventures, Jane Street Capital, Triatomic Capital, NFDG Ventures, Situational Awareness
- Series A, Nov 22, 2024, $95M — Spark Capital
- Seed, Mar 26, 2024, $25M — SV Angel, Homebrew, Anthropic PBC, OpenAI, Google DeepMind

## Investors

- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Homebrew (https://capitalatlas.ai/funds/homebrew) — Seed
- Anthropic PBC — Seed
- OpenAI — Seed
- Google DeepMind — Seed
- Spark Capital — Series A, Series B
- Alchip Technologies Inc. — Series B
- Marvell Technology Group Ltd. — Series B
- Harpoon Ventures (https://capitalatlas.ai/funds/harpoon-ventures) — Series B
- Jane Street Capital — Series B
- Triatomic Capital (https://capitalatlas.ai/funds/triatomic-capital) — Series B
- NFDG Ventures (https://capitalatlas.ai/funds/nfdg-ventures) — Series B
- Situational Awareness — Series B