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MatX

Computers, Parts and Peripherals · Mountain View, CA · Founded 2023 · Privately Held (backing)

Manufacturer of computer chips intended to build a computing platform for artificial general intelligence. MatX is based in Mountain View, CA and was founded in 2023. It was valued at $362 million at its early-stage round in Nov 2024, the last priced event on record. It has raised $620 million across 1 recorded round; the latest was a $95 million Series A in Nov 2024.

PMV mark · valuation
$362.0M
Oct 2026
Priced at
its early-stage round
Nov 2024
Total raised
$619.9M
Last round
Early Stage VC (Series A)
Nov 2024

MatX key facts

as of Oct 2026
  • Manufacturer of computer chips intended to build a computing platform for artificial general intelligence.
  • MatX is valued at approximately $362.0M as of Oct 2026, set at its early-stage round, Nov 2024; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $619.9M across 1 recorded rounds; the latest was Early Stage VC (Series A) ($95.0M) in Nov 2024.
  • Notable investors include Spark Capital, SV Angel, Nat Friedman, AI Grant, Amjad Masad — 30 tracked in total.
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$362.0M

Valued at $362.0M at its early-stage round, Nov 2024. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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MatX funding rounds

1 rounds
Nov 2024Early Stage VC (Series A)$95.0M▮
Full funding history →

MatX valuation

MatX was valued at $362 million at its early-stage round in Nov 2024. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has MatX raised?

MatX has raised $620 million in total; 1 of its rounds is on record. The largest on record was a $95 million Series A in Nov 2024.

MatX investors

30 investors are on record for MatX, including Spark Capital, SV Angel, Nat Friedman and AI Grant. By type, the record holds 4 venture capital firms, 3 angel investors and 2 private investors. The Series A in Nov 2024 drew 6 investors.

Comparable companies

Comparable computers, parts and peripherals names by valuation on PrivateMarketView: PsiQuantum ($7 billion), Oxide Computer ($1.6 billion) and Quantum Machines ($700 million).

About MatX

Manufacturer of computer chips intended to build a computing platform for artificial general intelligence. The company specializes in building hardware by combining deep domain experience for large language models, graphics processing units, and other machine-learning models, enabling developers and programmers to make models an order of magnitude more useful.

Industry
Computers, Parts and Peripherals
Sector
Information Technology
HQ
Mountain View, CA, United States
Founded
2023
Employees
92
Website
matx.com/
Ownership
Privately Held (backing)

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