Funding round
MatX Series A
MatX, which works in AI hardware design and manufacturing in Mountain View, raised $80M in a Series A round announced on 22 Nov 2024, led by Spark Capital, at a $300M post-money valuation. 1 firm took part. It is MatX's second venture round on record; the one before was a Seed in Mar 2024.
$80M
Amount raised
$300M
Post-money valuation
1
Investors
1 lead
27%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced MatX at $300M after the new money. The $80M bought investors about 27% of the company. It came 8 months after MatX's Seed. It is 13% of the $605M MatX has raised in the venture rounds on record. MatX raised again 15 months later: a Series B round of $500M in Feb 2026.
Investors
Who put money in
Spark Capital led the round.
Lead investor
- Spark Capital backs 234 venture-backed companies new investor
Comparable rounds
How it compares
62 Series A rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $16M, and this round was 5.0 times the median. The closest in time, other companies' Series A rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 8 Nov 2024 | $21M | not disclosed | Octopus Ventures and Cambridge Innovation Capital |
| Electronical Components Manufacturing | 4 Nov 2024 | $4.9M | not disclosed | not named |
| Electronical Components Manufacturing | 19 Nov 2024 | undisclosed | not disclosed | Stonebridge Ventures |
| Antares Electronical Components Manufacturing | 30 Oct 2024 | $30M | not disclosed | Alt Cap and Caffeinated |
| Electronical Components Manufacturing | 30 Dec 2024 | $16M | not disclosed | Octave Ventures |
| Electronical Components Manufacturing | 2 Oct 2024 | $15M | not disclosed | TCR, Inc. |
| Electronical Components Manufacturing | 23 Dec 2024 | $8.0M | not disclosed | Rocketship.vc and Speciale Invest |
| Electronical Components Manufacturing | 12 Sep 2024 | $32M | $200M | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did MatX raise in its Series A round?
MatX raised $80M in its Series A round, announced in Nov 2024.
Who led MatX's Series A round?
Spark Capital led it.
What was MatX's valuation at the Series A round?
$300M post-money.
How does it compare with other Series A rounds in Electronical Components Manufacturing?
62 Series A rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $16M, and this round was 5.0 times the median.
Did MatX raise again after this round?
Yes: a Series B round in Feb 2026 of $500M.