Funding round
d-Matrix Series B
d-Matrix, which works in AI compute platform manufacturing in Santa Clara, raised $110M in a Series B round announced on 6 Sep 2023, led by Temasek. 10 firms took part. It is d-Matrix's second venture round on record; the one before was a Series A in Apr 2022.
$110M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
d-Matrix did not disclose a valuation in this round. It came 17 months after d-Matrix's Series A. It is 26% of the $429M d-Matrix has raised in the venture rounds on record. d-Matrix raised again 26 months later: a Series C round of $275M in Nov 2025, at $2.00B post-money.
d-Matrix's funding rounds
d-Matrix has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Temasek led the round with 9 other firms.
Lead investor
- Temasek backs 195 venture-backed companies new investor
Also in the round
- backs 51 venture-backed companies new investor
- M12 backs 141 venture-backed companies new investor
- Samsung Venture Investment backs 126 venture-backed companies new investor
- Palo Alto Networks new investor
- backs 65 venture-backed companies new investor
- backs 50 venture-backed companies new investor
- backs 26 venture-backed companies new investor
- Triatomic Capital new investor
- Tsvc Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
565 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 4.2 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 13 Sep 2023 | $336M | not disclosed | TPG |
| Tech Companies | 7 Sep 2023 | $200M | $1.00B | Astera Institute |
| Tech Companies | 19 Sep 2023 | $100M | $500M | United States Innovative Technology |
| Tech Companies | 18 Sep 2023 | $100M | $500M | Iconiq Growth |
| Tech Companies | 5 Sep 2023 | $93M | not disclosed | Global Brain and Globis Capital Partners |
| Tech Companies | 20 Sep 2023 | $60M | not disclosed | Prosus Ventures and Atomico |
| Tech Companies | 20 Sep 2023 | $53M | $400M | Felicis |
| Tech Companies | 26 Sep 2023 | $49M | not disclosed | Horizons Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did d-Matrix raise in its Series B round?
d-Matrix raised $110M in its Series B round, announced in Sep 2023.
Who led d-Matrix's Series B round?
Temasek led it, with Playground, M12, Samsung Venture Investment, Palo Alto Networks and Industry Ventures and 4 more.
What was d-Matrix's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
565 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 4.2 times the median.
Did d-Matrix raise again after this round?
Yes: a Series C round in Nov 2025 of $275M at $2.00B post-money.