Funding round
Positron Series C
Positron, which works in generative AI hardware acceleration solutions in Reno, raised $875M in a Series C round announced on 10 Sep 2026, led by New Enterprise Associates, Andra Capital, Atreides Management, Valor, SemiAnalysis Capital and Jim Clark, at a $5.00B post-money valuation. 23 firms took part, 1 of them already investors. It is Positron's fourth venture round on record; the one before was a Series B in Feb 2026.
$875M
Amount raised
$5.00B
Post-money valuation
$4.10B pre-money
23
Investors
6 leads
5.0x
Step-up from the Series B
$1.00B in Feb 2026
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Positron at $5.00B after the new money, 5.0 times the $1.00B of its Series B (Feb 2026). The $875M bought investors about 18% of the company. It came 7 months after Positron's Series B. It is 74% of the $1.18B Positron has raised in the venture rounds on record. No later venture round is on record for Positron.
Positron's funding rounds
Positron has 4 venture rounds on record. This one is highlighted.
- Seed 11 Feb 2025 $24M
- Series A 28 Jul 2025, led by Valor, Atreides Management and DFJ Growth $52M
- Series B 4 Feb 2026, led by Arena Private Wealth, Jump Trading and Unless $230M$1.00B post-money
- Series C this round 10 Sep 2026, led by New Enterprise Associates, Andra Capital and Atreides Management $875M$5.00B post-money
Investors
Who put money in
New Enterprise Associates, Andra Capital, Atreides Management, Valor, SemiAnalysis Capital and Jim Clark led the round with 17 other firms. New Enterprise Associates had backed Positron before.
Lead investors
- New Enterprise Associates backs 286 venture-backed companies existing investor
- Andra Capital new investor
- Atreides Management backs 53 venture-backed companies new investor
- Valor backs 143 venture-backed companies new investor
- SemiAnalysis Capital new investor
- Jim Clark new investor
Also in the round
- DFJ Growth backs 51 venture-backed companies new investor
- Qatar Investment Authority backs 71 venture-backed companies new investor
- backs 80 venture-backed companies new investor
- Naver Ventures new investor
- backs 18 venture-backed companies new investor
- 1517 Fund new investor
- Resilience Reserve new investor
- backs 5 venture-backed companies new investor
- Helena new investor
- backs 7 venture-backed companies new investor
- Arena Private Wealth new investor
- backs 6 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- Fincadia Advisors new investor
- backs 6 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- VentureTech Alliance new investor
Joined the board: Forest Baskett (NEA), Gavin Baker (Atreides Management), Thomas Jermoluk (Jim Clark Office) and Dylan Patel (SemiAnalysis Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Device Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Atom Computing Device Manufacturing | 16 Jun 2026 | $100M | not disclosed | Third Point Ventures |
| Device Manufacturing | 5 Feb 2026 | $200M | not disclosed | United States Innovative Technology |
| Rebellions Device Manufacturing | 30 Sep 2025 | $250M | $1.40B | Arm and Samsung Venture Investment |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Positron raise in its Series C round?
Positron raised $875M in its Series C round, announced in Sep 2026.
Who led Positron's Series C round?
New Enterprise Associates, Andra Capital, Atreides Management, Valor, SemiAnalysis Capital and Jim Clark led it, with DFJ Growth, Qatar Investment Authority, Cisco Investments, Naver Ventures and Hudson River Trading and 12 more.
What was Positron's valuation at the Series C round?
$5.00B post-money ($4.10B pre-money).