d-Matrix

Semiconductors · Santa Clara, CA · Founded 2019 · Privately Held (backing)

Developer of an AI inference hardware and software platform designed to accelerate the deployment of generative AI in data centers. d-Matrix is based in Santa Clara, CA and was founded in 2019. It was valued at $2 billion at its Series C in Nov 2025, the last priced event on record. It has raised $446 million across 4 recorded rounds; the latest was a $275 million Series C in Nov 2025.

PMV mark · valuation
$2.0B
Oct 2026
Priced at
its Series C
Nov 2025
Total raised
$446.3M
Last round
Series C
Nov 2025
What is d-Matrix worth?
$2.0BPrivateMarketView mark · Oct 2026

Valued at $2.0B at its Series C, Nov 2025. Nothing has traded since.

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Valuation timeline

4 priced rounds · 32 daily marks since · Jan 2021 – Oct 2026
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Seedrounds hold their value until the next priced eventMark, today
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d-Matrix funding history

4 rounds
DateRoundRaisedPost-money
Nov 2025Series C$275.0M▮
Sep 2023Series B$110.0M▮
Apr 2022Series A$44.0M▮
Jan 2021Seed—▮
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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).

Comparable companies

Comparable semiconductors names by valuation on PrivateMarketView: SambaNova ($11 billion), Alif Semiconductor ($1.1 billion) and Lisuan Tech ($413 million).

How d-Matrix's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For d-Matrix, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about d-Matrix

What is d-Matrix worth?
d-Matrix is valued at $2.0B as of Oct 2026. Valued at $2.0B at its Series C, Nov 2025. Nothing has traded since.
How much has d-Matrix raised?
d-Matrix has raised $446.3M in total funding across 4 recorded rounds.
When did d-Matrix last raise?
d-Matrix last raised in Nov 2025 (Series C), raising $275.0M.