Tag: chip startup
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Delos Data, a chip startup founded by Intel veterans, raises $100 million for AI networks
SAN FRANCISCO, Sept 15 : Delos Data, a startup founded by veterans of Intel Corp, on Tuesday said it has raised $100 million to develop chips and software that can move data around faster inside AI data centers that are quickly becoming more complex than ever before.In the early phase of the AI boom, data…
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AI chip startup Positron’s valuation skyrockets in latest funding round
Sept 10 : Positron AI, a startup developing chips to run AI models, said on Thursday it has raised $875 million in its latest funding round, more than quadrupling its valuation in seven months to $5 billion.The startup had raised $230 million in February at a valuation of $1.06 billion, according to data prov
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Chip startup d-Matrix to use Nvidia chip-linking tech in AI servers
Sept 10 : D-Matrix said on Thursday it will adopt Nvidia’s chip-linking technology to use the startup’s processors directly inside the semiconductor giant’s data-center systems as demand for AI intensifies.Artificial intelligence workloads have been shifting from training AI models to running them for everyda
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AI chip startup Etched doubles valuation to $21 billion in under a month
Aug 18 : Jane Street-backed Etched said on Tuesday its valuation more than doubled in less than a month to $21 billion, as investors bet on growing demand for specialized chips used to run artificial intelligence models. The San Jose, California-based company raised $700 million, with trading firm Jane Street
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AI chip startup SambaNova valued at $11 billion in $1 billion funding round
July 8 : AI chip startup SambaNova said on Wednesday it has raised $1 billion in a late-stage funding round led by General Atlantic at an $11 billion post-money valuation.The company makes custom chips, hardware systems and cloud services tailored for inference – the process by which models respond to user q
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Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports
June 22 : Qualcomm is in advanced discussions to acquire Modular Inc in a transaction valuing the AI chip company at about $4 billion, Bloomberg News reported on Monday, citing people familiar with the matter.If completed, the deal would mark a significant step-up from the $1.6 billion valuation Modular secur
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