d-Matrix key facts
as of Oct 2026- Developer of an AI inference hardware and software platform designed to accelerate the deployment of generative AI in data centers.
- d-Matrix is valued at approximately $2.0B as of Oct 2026, set at its Series C, Nov 2025; nothing has traded since, per PrivateMarketView’s mark.
- It has raised $446.3M across 4 recorded rounds; the latest was Series C ($275.0M) in Nov 2025.
- Notable investors include TSVC, Calm Ventures, Temasek Holdings, Samsung Venture Investment, Alpen Capital (Investor) — 48 tracked in total.
- 2 investment vehicles were formed to buy d-Matrix shares in the last 12 months, reporting $7.1M sold to 101 investors, per SEC Form D filings.
- Status: Privately Held (backing).
Valued at $2.0B at its Series C, Nov 2025. Nothing has traded since.
- ·Post-money valuations for all 4 rounds
- ·The complete investor list: 48 names
- ·Everyone on the team, board and advisors included
- ·Watch d-Matrix: the Monday email on marks, rounds and moves
d-Matrix funding rounds
4 roundsVehicles formed to buy d-Matrix shares
secondary demand · SEC Form D filingsIn the last 12 months, 2 investment vehicles were formed to buy d-Matrix shares, reporting $7.1M sold to 101 investors across 2 sponsors. Most recent filing May 2026.
Membership and data by Private Market View
d-Matrix leadership
- Richard OgawaGeneral Counsel
- Sid ShethCo-Founder & CEO
- Sudeep BhojaCo-Founder & CTO
- Peter BuckinghamSenior Vice President, Software
Who backs d-Matrix
48+Membership and data by Private Market View
d-Matrix valuation
d-Matrix was valued at $2 billion at its Series C in Nov 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.
How much has d-Matrix raised?
d-Matrix has raised $446 million across 4 recorded rounds since 2021. The largest was a $44 million Series A in Apr 2022; the most recent was a $275 million Series C in Nov 2025. 4 of the rounds disclosed a post-money valuation.
Institutional holders and vehicles
In the last 12 months, 2 investment vehicles were formed to buy d-Matrix shares, reporting $7.1 million sold to 101 investors across 2 sponsors, per SEC Form D filings (most recent May 2026).
d-Matrix investors
48 investors are on record for d-Matrix, including TSVC, Calm Ventures, Temasek Holdings and Samsung Venture Investment. By type, the record holds 15 venture capital firms and 4 family offices. 1 of them led a round. The Series C in Nov 2025 drew 11 investors.
Who runs d-Matrix
8 people are listed on the d-Matrix team: 8 executives, including Sid Sheth (Co-Founder) and Sudeep Bhoja (Co-Founder). 1 of them have a verified direct contact on file.
Comparable companies
Comparable semiconductors names by valuation on PrivateMarketView: SambaNova ($11 billion), Alif Semiconductor ($1.1 billion) and Lisuan Tech ($413 million).
About d-Matrix
Developer of an AI inference hardware and software platform designed to accelerate the deployment of generative AI in data centers. The company combines memory-centric digital in-memory compute architecture, stacked DRAM technology, chiplet-based accelerators, high-speed networking, and an integrated software stack with model factory, compression, compilation, inference engine, and runtime tooling, enabling hyperscale cloud providers, enterprises, and sovereign AI infrastructure operators to run large language models at low latency with improved energy efficiency and more commercially viable.
- Industry
- Semiconductors
- Sector
- Information Technology
- HQ
- Santa Clara, CA, United States
- Founded
- 2019
- Employees
- 250
- Website
- d-matrix.ai/
- Ownership
- Privately Held (backing)
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