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MatX

Mountain View, US · founded 2023
L2 · Silicon, Memory & Packaging
custom silicon & design servicesstartupprivateseries B

MatX designs custom computer chips specifically optimized for executing large language models. Their architecture combines partitionable systolic arrays with hybrid storage to provide high throughput and low latency.

Ecosystem functionAn LLM-first custom chip designer seeking to replace general GPUs with efficient systolic arrays.

Business modelCustom fabless processor sales

Revenue—
Valuation$5B+
Last round$500.0Mled by Jane Street / Situational Awareness Fund · 2026
Sources · 5 ↓
  1. https://startupintros.com/orgs/matx
  2. https://entrepreneurloop.com/matx-ai-chip-startup-500m-funding-nvidia-challenger/
  3. https://mlq.ai/news/matx-secures-500m-series-b-to-accelerate-ai-chip-development-against-nvidia/
  4. https://matx.com/
  5. https://matx.com/research/series_b
Suggest an editLast verified 2026-07-23
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