Despite projecting revenues of under $10 million for the current fiscal year, d-Matrix has set ambitious goals to generate $70 million to $75 million in annual revenue within the next two years. The company's focus on enhancing the "inference" aspect of AI processing, rather than training large AI models, sets it apart from competitors. Microsoft's involvement adds credibility to the startup's technology, as the tech giant has committed to evaluating d-Matrix’s chips for its own purposes upon their market release next year.
Key takeaways:
- d-Matrix, an AI chip company, has secured $110 million in a series B funding round, with significant support from Microsoft Corp and other investors.
- The company's innovative chip designs are recognized for their effectiveness in powering generative AI applications like ChatGPT, focusing on enhancing the "inference" aspect of AI processing.
- d-Matrix and Microsoft are collaborating, with Microsoft's Project Bonsai platform being supported by d-Matrix's digital in-memory computing (DIMC) technology.
- d-Matrix projects revenue of under $10 million for the current fiscal year, but aims to generate $70 million to $75 million in annual revenue within the next two years.