Funding round
MatX Series B
MatX, which works in AI hardware design and manufacturing in Mountain View, raised $500M in a Series B round announced on 24 Feb 2026, led by Jane Street and Situational Awareness. 9 firms took part. It is MatX's third venture round on record; the one before was a Series A in Nov 2024.
$500M
Amount raised
Not disclosed
Post-money valuation
9
Investors
2 leads
Valuation
What this round says about the price
MatX did not disclose a valuation in this round; its last disclosed one was $300M at the Series A (Nov 2024). It came 15 months after MatX's Series A. It is 83% of the $605M MatX has raised in the venture rounds on record. No later venture round is on record for MatX.
Investors
Who put money in
Jane Street and Situational Awareness led the round with 7 other firms.
Lead investors
- Jane Street new investor
- Situational Awareness new investor
Also in the round
- Marvell Technology new investor
- Spark Capital backs 234 venture-backed companies new investor
- NFDG new investor
- Stripes backs 101 venture-backed companies new investor
- Triatomic Capital new investor
- backs 27 venture-backed companies new investor
- Alchip Technologies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
32 Series B rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $58M, and this round was 8.6 times the median. The closest in time, other companies' Series B rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 20 Jan 2026 | $90M | not disclosed | Maverick Silicon and Socratic Partners |
| Electronical Components Manufacturing | 15 Jan 2026 | $86M | not disclosed | not named |
| Electronical Components Manufacturing | 6 Jan 2026 | $35M | not disclosed | Maverick Silicon |
| Electronical Components Manufacturing | 23 Mar 2026 | $12M | not disclosed | Idealist Capital and Real Ventures |
| Electronical Components Manufacturing | 17 Mar 2026 | undisclosed | not disclosed | not named |
| Electronical Components Manufacturing | 1 Mar 2026 | undisclosed | not disclosed | not named |
| Antares Electronical Components Manufacturing | 2 Dec 2025 | $96M | not disclosed | Shine Capital |
| Electronical Components Manufacturing | 27 Apr 2026 | $70M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did MatX raise in its Series B round?
MatX raised $500M in its Series B round, announced in Feb 2026.
Who led MatX's Series B round?
Jane Street and Situational Awareness led it, with Marvell Technology, Spark Capital, NFDG, Stripes and Triatomic Capital and 2 more.
What was MatX's valuation at the Series B round?
It was not disclosed; its last disclosed one was $300M at the Series A (Nov 2024).
How does it compare with other Series B rounds in Electronical Components Manufacturing?
32 Series B rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $58M, and this round was 8.6 times the median.