The facts
Positron 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
- Reno, Nevada, United States
- Founded
- 2023Positron press release (Business Wire), Feb 11, 2025
- Last closed-round valuation
- $5B$5 billion ($3.5 billion pre-money for the Series C) (Reuters, Sep 10, 2026)
- What it has shipped
- Has a product
Founders
- Thomas Sohmers: co-founder and CTO; a Thiel Fellow (per company release) (Positron press release (Business Wire), Feb 11, 2025)
- Edward Kmett: co-founder and Chief Scientist; mathematician and functional programming expert (per company release) (Positron press release (Business Wire), Feb 11, 2025)
Raised $875 million at a $5 billion valuation; next chip Asimov targeted for production in the second half of 2027 Sep 10, 2026
Reuters, Sep 10, 2026
What it has built
Shipped, or not yet.
“Has a product” is what our search found: something the public can use or buy, a model or API, research only, or nothing public.
3 rounds
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 |
|---|---|---|---|---|---|
| Feb 11, 2025 | unnamed | $23.5 million | Not stated | Flume Ventures, Valor Equity Partners, Atreides Management, Resilience Reserve | Positron press release (Business Wire) |
| Feb 4, 2026 | Series B | $230 million | $1 billion (Reuters later cited $1.06 billion per PitchBook) | Arena Private Wealth (co-lead), Jump Trading (co-lead), Unless (co-lead), Qatar Investment Authority | TechCrunch |
| Sep 10, 2026 | Series C and C-1 | $875 million total ($375 million Series C plus a Series C-1 of up to $500 million) | $5 billion ($3.5 billion pre-money for the Series C) | NEA (co-lead), Atreides Management (co-lead), Valor Equity Partners (co-lead), Andra Capital (co-lead), SemiAnalysis Capital (co-lead), Jim Clark (co-lead), Qatar Investment Authority, Cisco Investments, Naver Ventures | Reuters |
Outside checks
What others have found.
- Jump Trading's CTO said Atlas 'delivered roughly 3x lower end-to-end latency than a comparable H100-based system' in its testing. Jump Trading co-led the Series B, so this is a customer-investor claim, not independent. (StorageNewsletter (Positron release), Feb 6, 2026)
Our note: Founding year from the company's own phrase 'since launching in 2023'. Positron's press page also lists a '$50M+ Series A' in June 2025 (Business Wire sidebar says $51.6 million); not detailed here. CEO is Mitesh Agrawal, formerly of Lambda; he is not described as a founder.
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