D-Matrix Raises $275M Series C

D-Matrix, a Santa Clara–based AI chip startup focused on data-center inference, has secured US$275 million in Series C funding, bringing its valuation to US$2 billion.

What they build. Custom hardware and software designed to accelerate AI inference with lower latency and cost than GPU-based systems.

Who funded it? Bullhound Capital, Triatomic Capital, Temasek, QIA, EDBI, M12, Nautilus Venture Partners, Industry Ventures, and Mirae Asset.

What the funds support. Product development, scaling the software stack, and global expansion.

Industry context. The company’s efficiency claims remain unverified, no third-party benchmarks against NVIDIA are available yet.

What to watch. Adoption will depend on SDK maturity and whether real-world tests confirm meaningful TCO advantages.

If D-Matrix can validate its performance in production environments, it may emerge as a credible alternative accelerator as inference workloads and model sizes keep climbing.