By Paula Tudoran
Publication Date: 2025-11-18 21:31:00
Microsoft-backed (NASDAQ:MSFT) semiconductor company d-Matrix on Nov. 12 announced it raised $275 million while claiming its artificial intelligence chips outperform graphics processing units-based systems, which are often built around Nvidia (NASDAQ:NVDA) hardware.
d-Matrix secured Series C funding at a $2 billion valuation, with the round co-led by BullhoundCapital, Triatomic Capital, and Singapore’s Temasek sovereign wealth fund. Microsoft participates in the company’s investor base through its M12 venture arm. The funding brings d-Matrix’s total capital raised to $450 million since its 2019 founding, according to the company.
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The Santa Clara, California-based startup said its inference platform delivers tenfold better performance, triple the cost efficiency, and up to five times superior energy efficiency compared to GPU-based systems.
d-Matrix founder and CEO Sid Sheth and Chief Technology Officer Sudeep Bhoja started the company six years…