Positron

Application Specific Semiconductors · Reno, NV · Founded 2023 · Privately Held (backing)

Developer of semiconductor hardware designed to accelerate inference workloads. Positron is based in Reno, NV and was founded in 2023. It was valued at $5 billion at its Series C in Sep 2026, the last priced event on record. It has raised $514 million across 5 recorded rounds; the latest was an $875 million Series C in Sep 2026.

PMV mark · valuation
$5.0B
Oct 2026
Priced at
its Series C
Sep 2026
Total raised
$514.0M
Last round
Series C
Sep 2026

Positron key facts

as of Oct 2026
  • Developer of semiconductor hardware designed to accelerate inference workloads.
  • Positron is valued at approximately $5.0B as of Oct 2026, set at its Series C, Sep 2026; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $514.0M across 5 recorded rounds; the latest was Series C ($875.0M) in Sep 2026.
  • Notable investors include Valor Equity Partners, 2468 Ventures, Qatar Investment Authority, Invariantes Fund, Atreides Management — 31 tracked in total.
  • PrivateMarketView tracks 3 recorded secondary trades in Positron shares.
  • 7 investment vehicles were formed to buy Positron shares in the last 12 months, reporting $20.7M sold to 214 investors, per SEC Form D filings.
  • Positron has filed 2 Form Ds with the SEC since 2025, most recently May 2026 ($233.9M sold to 55 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
MEDIUM confidence
$5.0B

Valued at $5.0B at its Series C, Sep 2026. Nothing has traded since.

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Positron secondary trades

3 on record · Feb 2026 – Jul 2026

3 trades between Feb 2026 and Jul 2026. Exact dates, prices and structures are available to Pro members.

Feb 2026peak 2 prints / monthJul 2026
Individual prints are Pro.Unlock 3 trade prints

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Positron funding rounds

5 rounds
Sep 2026Series C$875.0M▮
May 2026Early Stage VC (Series B)$233.9M▮
Jul 2025Early Stage VC (Series A1)$75.1M▮
Feb 2025Venture Round$23.5M▮
Oct 2023Seed Round$5.0M▮

Vehicles formed to buy Positron shares

secondary demand · SEC Form D filings

In the last 12 months, 7 investment vehicles were formed to buy Positron shares, reporting $20.7M sold to 214 investors across 7 sponsors. Most recent filing Jun 2026.

The vehicle list — each sponsor, filing date, amount sold and investor count — is a Pro table. Unlock the 7 vehicles →

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Positron leadership

Positron valuation

Positron was valued at $5 billion at its Series C in Sep 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

Recent activity

In the last 90 days, Positron's record added 1 funding round.

How much has Positron raised?

Positron has raised $514 million across 5 recorded rounds since 2023. The largest was an $875 million Series C in Sep 2026. 3 of the rounds disclosed a post-money valuation.

Positron has filed 2 Form Ds with the SEC since 2025, most recently in May 2026 ($234 million sold to 55 investors).

Positron secondary market activity

3 secondary trades in Positron shares are on record, between Feb 2026 and Jul 2026. 1 print landed in the last three months. Exact dates, prices and structures are available to Pro members.

Institutional holders and vehicles

In the last 12 months, 7 investment vehicles were formed to buy Positron shares, reporting $20.7 million sold to 214 investors across 7 sponsors, per SEC Form D filings (most recent Jun 2026).

Positron investors

31 investors are on record for Positron, including Valor Equity Partners, 2468 Ventures, Qatar Investment Authority and Invariantes Fund. By type, the record holds 13 venture capital firms, 1 hedge fund and 1 asset manager. The Series B in May 2026 drew 22 investors.

Who runs Positron

8 people are listed on the Positron team: 3 executives and 5 board members, including Edward Kmett (Co-Founder) and Mitesh Agrawal (Chief Executive Officer). 5 of them have a verified direct contact on file.

Comparable companies

Comparable application specific semiconductors names by valuation on PrivateMarketView: Lightmatter ($4.6 billion), SiFive ($3.6 billion) and Tenstorrent ($3.2 billion).

About Positron

Developer of semiconductor hardware designed to accelerate inference workloads. The company develops accelerator systems, inference appliances, and purpose-built chips for transformer models, enabling enterprises and cloud providers to deploy large language models with improved performance, lower power consumption, and reduced infrastructure costs.

Industry
Application Specific Semiconductors
Sector
Information Technology
HQ
Reno, NV, United States
Founded
2023
Employees
50
Ownership
Privately Held (backing)

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