MatX at a glance.
Read Oct 20, 2026. Valuations and amounts are copied as each source states them; a figure that is only reported (talks, or people familiar with the deal) is labeled as reported.
- Kind of company
- Chips and AI computersNew chips and systems built to run AI faster or cheaper.
- Based in
- United States
- Founded
- 2023TechCrunch, Feb 24, 2026
- Last closed-round valuation
- $300M+more than $300 million (TechCrunch, Feb 24, 2026)
- What it has shipped
- Nothing public foundWe searched and found no product, model or paper, which is not proof there is none.
- Reiner Pope: founder and CEO; previously led AI software development for Google's TPUs (per TechCrunch) (TechCrunch, Feb 24, 2026)
- Mike Gunter: co-founder; a lead designer of TPU hardware at Google (per TechCrunch) (TechCrunch, Feb 24, 2026)
Raised a $500 million Series B; chips to be made by TSMC with shipments planned to start in 2027 Feb 24, 2026
TechCrunch, Feb 24, 2026
Shipped, or not yet.
“Nothing public found” is what our search found: something the public can use or buy, a model or API, research only, or nothing public.
We found no product, model or paper from MatX that the public can see. That is not proof there is none.
Funding, as reported.
Every round we found, with the amount, valuation and investors as the source states them.
| When | Round | Amount | Valuation | Investors named | Source |
|---|---|---|---|---|---|
| 2024 | Series A | about $100 million | more than $300 million | Spark Capital (lead) | TechCrunch |
| Feb 24, 2026 | Series B | $500 million | Not stated | Jane Street (co-lead), Situational Awareness (co-lead), Marvell Technology, NFDG, Spark Capital, Patrick Collison, John Collison | TechCrunch |
Worth knowing.
Our note: Valuation for the Series B was not disclosed. No chip has shipped; TechCrunch says shipments are planned to start in 2027. Searched TechCrunch coverage and funding news only; did not find a public product page or paper.