MatX Prediction

MatX surpasses $100M in funding.

When MatX emerged from stealth with a $25M seed round, I predicted they’d surpass $100M in venture funding within 12-18 months. Some readers disagreed, guessing it would take over two years. It turns out that I underestimated MatX’s pace—it only took six months.

Etched’s approach set a precedent, and I predicted MatX would follow suit, quickly securing the funding needed to fast-track a chip tape-out.

From TechCrunch,

MatX, a startup designing chips that support large language models, has raised a Series A of approximately $80 million, three sources say, less than a year after raising its $25 million seed round. 

If true, MatX has crossed the $100M mark. Here’s the updated chart.