Despite the need for advanced chips, funding for U.S.-based startups has been slow this year, with domestic chip startups raising less than $600 million to date. However, generative AI technology could change this trend. D-Matrix, founded in 2019, has so far raised $154 million, with its last funding round, a Series A, raising $44 million in April last year.
Key takeaways:
- D-Matrix, a generative AI chip designer, has raised $110 million in a Series B funding round led by Temasek.
- The startup designs chips for generative AI applications that use less energy for AI processing.
- Despite the need for new and better chips, funding for U.S.-based startups has decreased this year, with domestic chip startups raising less than $600 million to date.
- D-Matrix, founded in 2019, has raised a total of $154 million, including a $44 million Series A round last year.