Tag: chip startup
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Unconventional AI buys Israeli chip startup NeuReality to speed product development
SAN FRANCISCO, Oct 26 : Unconventional AI, the US hardware startup that launched less than a year ago with a $4.5 billion valuation, said on Monday that it is buying Israeli chip startup NeuReality for an undisclosed sum in a cash-and-stock deal.Unconventional AI raised $475 million in December and is led by
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AI chip startup Tenstorrent more than doubles its valuation to $6.2 billion in funding round
Oct 19 : Tenstorrent said on Monday it raised $1.5 billion in a late-stage funding round that valued the AI chip startup at $6.2 billion post-money, more than doubling its valuation from December 2024.Here are some more details:• The Santa Clara, California-based company said it would use the funding
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Exclusive-Sequoia-backed chip startup Nuvacore raising funds at about a $2.5 billion valuation, sources say
SAN FRANCISCO, Oct 9 : Six-month-old microchip startup Nuvacore, which does not yet have a product, is raising hundreds of millions of dollars at a roughly $2.5 billion valuation to develop a new central processor designed for data centers, according to two people familiar with the fundraising.Nuvacore is se
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Chip startup Efficient Computer raises $97 million at $650 million valuation
(Corrects headline and paragraphs 1 and 9 to reflect that Efficient Computer raised $97 million, not $100 million)By Stephen NellisSAN FRANCISCO, Sept 29 : Efficient Computer, a chip startup spun out of Carnegie Mellon University, on Tuesday said it has raised $97 million in additional funding, bringi
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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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South Korean AI chip startup Rebellions targets IPO next year
SEOUL, July 8 : South Korean AI chip startup Rebellions aims to list its shares on the Korean market in the first half of next year, followed by a potential listing in the United States, its co-founder and chief executive Park Sunghyun told Reuters on Wednesday.”Our priority right now is Korea market,” he sai
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