Funding round
d-Matrix Series A
d-Matrix, which works in AI compute platform manufacturing in Santa Clara, raised $44M in a Series A round announced on 1 Apr 2022, led by Playground, M12 and SK Hynix. 6 firms took part. It is d-Matrix's first venture round on record.
$44M
Amount raised
Not disclosed
Post-money valuation
6
Investors
3 leads
Valuation
What this round says about the price
d-Matrix did not disclose a valuation in this round. It is d-Matrix's first venture round on record, 3 years after it was founded in 2019. It is 10% of the $429M d-Matrix has raised in the venture rounds on record. d-Matrix raised again 17 months later: a Series B round of $110M in Sep 2023. Its next priced round, a Series C in Nov 2025, valued it at $2.00B.
d-Matrix's funding rounds
d-Matrix has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Playground, M12 and SK Hynix led the round with 3 other firms.
Lead investors
- backs 51 venture-backed companies new investor
- M12 backs 141 venture-backed companies new investor
- SK Hynix new investor
Also in the round
- backs 12 venture-backed companies new investor
- Marvell Technology new investor
- Entrada Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,917 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $13M, and this round was 3.5 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Apr 2022 | $120M | not disclosed | Dream Capital |
| Adept Tech Companies | 1 Apr 2022 | $65M | not disclosed | not named |
| Tech Companies | 21 Apr 2022 | $50M | not disclosed | Sprints |
| Tech Companies | 5 Apr 2022 | $46M | not disclosed | PayU and Prosus |
| Tech Companies | 20 Apr 2022 | $40M | not disclosed | QED Investors |
| Tech Companies | 26 Apr 2022 | $35M | not disclosed | GV |
| Tech Companies | 20 Apr 2022 | $34M | not disclosed | Andreessen Horowitz |
| Tech Companies | 19 Apr 2022 | $33M | not disclosed | Accel |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did d-Matrix raise in its Series A round?
d-Matrix raised $44M in its Series A round, announced in Apr 2022.
Who led d-Matrix's Series A round?
Playground, M12 and SK Hynix led it, with Nautilus Venture Partners, Marvell Technology and Entrada Ventures.
What was d-Matrix's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,917 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $13M, and this round was 3.5 times the median.
Did d-Matrix raise again after this round?
Yes: a Series B round in Sep 2023 of $110M.