StoryFunding
MatX raises $500M Series B to complete MatX One development and scale manufacturing
MatX closed a $500M Series B, co-led by Jane Street Capital and Situational Awareness LP, with additional investment from Marvell, Spark Capital, and Stripe co-founders. The funding supports completion of MatX One development and manufacturing scale-up, with tapeout targeted within a year and volume shipments expected in 2027. The chip targets over 2,000 tokens per second on 100-layer mixture-of-experts models.