d-Matrix Raises $110M in Series B

d-Matrix has successfully raised $110M in a Series B at a $500M valuation led by Temasek Holdings, Microsoft, Spark Capital, Playground Global.

Company Overview

d-Matrix is a AI Hardware company headquartered in 3945 Freedom Circle, Santa Clara, CA 95054, founded in 2019 with 150+ employees.

AI inference chipsets

Fundraising Details

Amount Raised: $110M
Round Type: Series B
Valuation: $500M
Date: 2024-09-18
Investors: Temasek Holdings, Microsoft, Spark Capital, Playground Global

About d-Matrix

AI inference chipsets The company is positioned in the AI Hardware sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 3945 Freedom Circle, Santa Clara, CA 95054
Founded: 2019
Team Size: 150+
Industry: AI Hardware

What This Means

This funding round demonstrates strong investor confidence in d-Matrix's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The AI Hardware sector continues to attract significant investment as companies innovate to meet evolving market demands. d-Matrix's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $500M valuation marks an important milestone for d-Matrix, positioning the company among notable players in the AI Hardware industry.

Looking Ahead

With this new capital, d-Matrix is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI Hardware space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-09-18. For more information about d-Matrix, visit their headquarters at 3945 Freedom Circle, Santa Clara, CA 95054.