MatX valuation, funding and investors
MatX works in AI hardware design and manufacturing, based in Mountain View, United States. It has about 146 employees.
- Last round
- Series B · $500M · Feb 2026
- Valuation at last round
- $2.06B · implied
- Headcount
- 146 · growing
- Grade
- B
- Founded
- –
MatX valuation today
VCMC values MatX at $2.9B today, with a range of $1.6B to $5.0B and a grade of B. The valuation starts from its last funding round, a Series B round in Feb 2026.
Valuation by date (41 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Oct 2023 | $1.62M | $0.27M – $9.76M | $1.62M (0%) | before first round | 6 | unknown | D | 0% |
| 1 Nov 2023 | $1.62M | $0.27M – $9.76M | $1.62M (0%) | before first round | 6 | unknown | D | 0% |
| 1 Dec 2023 | $1.62M | $0.27M – $9.76M | $1.62M (0%) | before first round | 6 | unknown | D | 0% |
| 1 Jan 2024 | $1.62M | $0.27M – $9.76M | $1.62M (0%) | before first round | 6 | unknown | D | 0% |
| 1 Feb 2024 | $1.62M | $0.27M – $9.76M | $1.62M (0%) | before first round | 6 | unknown | D | 0% |
| 1 Mar 2024 | $167M | $110M – $507M | $333M (+100%) | after a round | 11 | growing | C | 0% |
| 2 Mar 2024 | $167M | $110M – $507M | $333M (+100%) | after a round | 11 | growing | C | 0% |
| 1 Apr 2024 | $177M | $110M – $507M | $333M (+89%) | after a round | 11 | growing | C | 0% |
| 1 May 2024 | $187M | $110M – $507M | $333M (+78%) | after a round | 11 | growing | C | 0% |
| 1 Jun 2024 | $198M | $110M – $507M | $333M (+68%) | after a round | 11 | growing | C | 0% |
| 1 Jul 2024 | $210M | $110M – $507M | $333M (+59%) | after a round | 11 | growing | C | 0% |
| 1 Aug 2024 | $223M | $110M – $507M | $333M (+50%) | after a round | 11 | growing | C | 0% |
| 1 Sep 2024 | $236M | $110M – $507M | $333M (+41%) | after a round | 11 | growing | C | 0% |
| 1 Oct 2024 | $250M | $110M – $507M | $333M (+33%) | after a round | 11 | growing | C | 0% |
| 1 Nov 2024 | $265M | $110M – $507M | $333M (+26%) | after a round | 11 | growing | C | 0% |
| 23 Nov 2024 | $300M | $261M – $621M | $540M (+80%) | after a round | 11 | growing | B | 0% |
| 1 Dec 2024 | $304M | $261M – $621M | $540M (+77%) | after a round | 11 | growing | B | 0% |
| 1 Jan 2025 | $320M | $261M – $621M | $540M (+69%) | after a round | 11 | growing | B | 0% |
| 1 Feb 2025 | $336M | $261M – $621M | $540M (+61%) | after a round | 11 | growing | B | 0% |
| 1 Mar 2025 | $352M | $261M – $621M | $540M (+53%) | after a round | 11 | growing | B | 0% |
| 1 Apr 2025 | $370M | $261M – $621M | $540M (+46%) | after a round | 11 | growing | B | 0% |
| 1 May 2025 | $388M | $261M – $621M | $540M (+39%) | after a round | 11 | unknown | B | 0% |
| 1 Jun 2025 | $408M | $261M – $621M | $540M (+32%) | after a round | 11 | unknown | B | 0% |
| 1 Jul 2025 | $428M | $261M – $621M | $540M (+26%) | after a round | 64 | growing | B | 0% |
| 1 Aug 2025 | $450M | $261M – $621M | $540M (+20%) | after a round | 67 | growing | B | 0% |
| 1 Sep 2025 | $473M | $261M – $621M | $540M (+14%) | after a round | 72 | growing | B | 0% |
| 1 Oct 2025 | $496M | $261M – $621M | $540M (+9%) | after a round | 72 | up | B | 0% |
| 1 Nov 2025 | $522M | $261M – $621M | $540M (+3%) | after a round | 77 | up | B | 0% |
| 1 Dec 2025 | $540M | $260M – $621M | $540M (0%) | after a round | 77 | up | B | 0% |
| 1 Jan 2026 | $540M | $258M – $621M | $540M (0%) | after a round | 77 | up | B | 0% |
| 1 Feb 2026 | $540M | $255M – $621M | $540M (0%) | after a round | 84 | up | B | 0% |
| 25 Feb 2026 | $2.1B | $1.5B – $4.4B | $3.1B (+50%) | after a round | 84 | up | B | 0% |
| 1 Mar 2026 | $2.1B | $1.5B – $4.4B | $3.1B (+49%) | after a round | 84 | up | B | 0% |
| 1 Apr 2026 | $2.1B | $1.5B – $4.4B | $3.1B (+44%) | after a round | 84 | up | B | 0% |
| 1 May 2026 | $2.2B | $1.5B – $4.6B | $3.2B (+45%) | after a round | 105 | growing | B | 0% |
| 1 Jun 2026 | $2.3B | $1.5B – $4.6B | $3.2B (+40%) | after a round | 105 | growing | B | 0% |
| 1 Jul 2026 | $2.4B | $1.5B – $4.6B | $3.2B (+35%) | after a round | 105 | growing | B | 0% |
| 1 Aug 2026 | $2.5B | $1.5B – $4.6B | $3.2B (+29%) | after a round | 105 | growing | B | 0% |
| 1 Sep 2026 | $2.6B | $1.5B – $4.6B | $3.2B (+25%) | after a round | 105 | growing | B | 0% |
| 1 Oct 2026 | $2.8B | $1.6B – $5.0B | $3.5B (+23%) | after a round | 146 | growing | B | 0% |
| 24 Oct 2026 | $2.9B | $1.6B – $5.0B | $3.5B (+19%) | after a round | 146 | growing | B | 0% |
Key facts about MatX
- Founded
- Not on record
- Headquarters
- Mountain View, United States
- Employees
- about 146 +103% in a year
- Total raised
- $605M
- Funding rounds
- 3
- Last round
- Series B Feb 2026
MatX was founded by Mike Gunter and Reiner Pope.
MatX funding history
MatX has 3 funding rounds on record, from Mar 2024 to Feb 2026, $605M in total. The latest disclosed valuation is $300M post-money (Series A, Nov 2024).
Series B 24 Feb 2026
Led by Jane Street, Situational Awareness; with Marvell Technology, Spark Capital, NFDG, Stripes, Triatomic Capital, Harpoon Ventures, Alchip Technologies.
Sources: mezha.net, techcrunch.com, datacenterdynamics.com and 2 more
$500M
Series A 22 Nov 2024
Led by Spark Capital.
Sources: techcrunch.com, theaiinsider.tech, siliconangle.com
$80M
$300M post-money
$25M
MatX investors
11 investors have backed MatX; Spark Capital, Jane Street and Situational Awareness led at least one round.
- Spark Capital lead, 2 rounds
- Jane Street lead
- Situational Awareness lead
- Alchip Technologies
- Marvell Technology
- NFDG
- Stripes
- SV Angel
- Triatomic Capital
What MatX does
MatX works in electronical components manufacturing, with 13 recorded offerings and customers in artificial intelligence.
MatX is a company engaged in the design and development of high-throughput chips for large-scale AI models, with a focus on Transformer-based and dense models. The company provides hardware solutions that support both training and inference, serving AI labs, seed-stage startups, and large-scale AI deployments. MatX also offers hardware that is scalable to handle thousands of simultaneous users and millions of training FLOPs, and its products are designed to be low-level, allowing expert users to have full control over the hardware.
Description from Veridion's company data.
Products and services
- AI Hardware Design and Manufacturing
- High-Throughput Chip Design
- AI Model Training Hardware Solutions
- AI Inference Hardware Solutions
- Transformer Model Hardware Optimization
- MoE Model Hardware Optimization
- Dense Model Hardware Optimization
- Low-Level Hardware Control Enablement
- AI Hardware Performance Optimization
- Scalable AI Hardware Solutions
- AI Hardware Software Integration
- AI Hardware Customization Services
- AI Hardware Distribution
Markets
- Artificial Intelligence
Technology
- High-Throughput Chip Design for Large-Scale AI Models
- MoE Model Hardware Support
- Dense Model Hardware Support
- Low-Level Hardware Control Interfaces
Business model
- Business-to-Business
- Manufacturing
Industry codes (NAICS)
- 334413 Semiconductor and Related Device Manufacturing 100% match
Questions about MatX
What is MatX worth?
Valuation $2.9B (range $1.6B to $5.0B), as of 24 Oct 2026. The last disclosed valuation was $300M (Series A, Nov 2024).
Has MatX raised money?
MatX has 3 funding rounds on record, from Mar 2024 to Feb 2026, $605M in total. The latest disclosed valuation is $300M post-money (Series A, Nov 2024).
Who has invested in MatX?
Spark Capital, Jane Street, Situational Awareness, Alchip Technologies, Harpoon Ventures and Homebrew, and 5 more. Lead investors include Spark Capital, Jane Street and Situational Awareness.
How many people work at MatX?
About 146, up 103% over the last year. Headcount grew from 6 in Oct 2023 to 146 in Sep 2026.
What does MatX do?
MatX works in electronical components manufacturing, with 13 recorded offerings and customers in artificial intelligence. Its main offerings are AI hardware design and manufacturing, high-throughput chip design and AI model training hardware solutions.
Where is MatX based?
MatX is based in Mountain View, United States; its founding year is not on record. It has about 146 employees, up 103% over the last year.