# MatX

**Source:** https://www.startuphub.ai/startups/matx
**Profile type:** Startup

> Nvidia challenger AI chip startup

## About

MatX is an AI chip startup founded by two former Google hardware engineers. The company aims to develop processors that are 10 times more efficient than Nvidia's GPUs for training Large Language Models (LLMs) and delivering results. They plan to start shipping their chips, produced with TSMC, in 2027.

## Key facts

- **Slug:** matx
- **Website:** https://matx.com
- **Founded:** 2023-07-01 00:00:00
- **Operating status:** Active
- **Total funding:** $620M
- **Sectors / tags:** AI, Hardware, Semiconductors, Deep Tech, GPU
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/matx-ai/
  - Twitter: https://x.com/matxcomputing

## Frequently asked

### What does MatX do?

MatX is an AI chip startup founded by two former Google hardware engineers. The company aims to develop processors that are 10 times more efficient than Nvidia's GPUs for training Large Language Models (LLMs) and delivering results. They plan to start shipping their chips, produced with TSMC, in 2027.

### What is MatX's revenue?

StartupHub estimates MatX's annual revenue at $240.7M (range $115.6M to $518.3M, 35% confidence), based on comparable companies in the sector.

### What is MatX's valuation?

StartupHub estimates MatX's effective valuation at $2.5B (range $1.5B to $3.7B, 26% confidence), based on comparable companies in the sector.

### How much funding has MatX raised?

MatX has raised a total of $620M in funding. The most recent round on record is Series B.

### When was MatX founded?

MatX was founded in 2023.

### What industry does MatX operate in?

MatX operates in AI, Hardware, Semiconductors, Deep Tech, GPU.

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