Digital in-memory compute AI accelerator startup focused on LLM inference
d-Matrix builds digital in-memory compute (DIMC) chips that integrate compute directly into SRAM, eliminating data-movement bottlenecks that constrain GPU-based inference. Targets generative AI inference workloads with 10x better TCO than NVIDIA H100. Microsoft has signed on as a strategic investor.
AI📍 Santa Clara, CAFounded 2019
Current Valuation
$2.0B
as of 2025-Q3
UNICORN
QL Price
$2.1B
+5% vs last round
QuantLogix's current estimate for d-Matrix, published 2026-09-07 — above the last disclosed round of $2.0B (2025-Q3).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$2.0B
2025-Q3
weight 0.52
Secondary market print
$2.2B
2026-06-27
weight 0.92
How this price has held up
No round has priced for d-Matrix since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-09-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, d-Matrix, 2026-09-07 (63f2baeaae07bd3d).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is d-Matrix going public?
No. d-Matrix has no imminent IPO plans on record. It is still private.
What is d-Matrix's valuation in 2026?
d-Matrix is valued at $2.0B as of 2025-Q3, set by its Series C ($275M, Sep 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has d-Matrix filed an S-1?
No public S-1 is on file for d-Matrix.
Who are d-Matrix's investors?
d-Matrix's investors include BullhoundCapital, Microsoft M12, Playground Global, Marvell.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Sid Sheth
Founded
2019
HQ
Santa Clara, CA
Employees
~100
Total Raised
$450M
Last Round
Series C — $275M (Sep 2025) · Lead: BullhoundCapital
IPO Status
no imminent plans
Fundraising Status
Series C · $275M · 1y ago
no imminent plansTotal raised $450M
Secondary Market
Implied price / share
$19.5
Last round price / share
$17.98
vs last round
+8.5%
Open interest
30
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series C
$275M
Sep 2025
BullhoundCapital
—
Vertical Intelligence — AI / ML
Open models
24
verified organization
Downloads (30d)
1,144
across all models
Followers
54
Top model
Llama3-8b
541 downloads / 30d
Attributed to Hugging Face organization "d-Matrix" as of 2026-09-03. Open-weights footprint only — closed-model usage is not publicly measurable. Verify on Hugging Face ↗
Talent Signal
Hiring trend
● First snapshot
trend accrues with monthly sweeps
Open roles
38
via ashby
Product-build share
87%
engineering, research, product, design
Trajectory
steady
heavy product build — 87% of open roles are product-building functions (engineering/research/product) — 20 of 38 open roles are engineering.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Principal Architect, Performance Analysis and ModelingSenior Staff Design Verification Engineer Principal AI Security Architect Principal System Software Engineer, AI Inference ExecutionStaff Analog Design EngineerSenior Runtime Systems Engineer
Counted from d-Matrix's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Sid ShethSudeep Bhoja
Investors
BullhoundCapital · Microsoft M12 · Playground Global · Marvell
Products
Corsair (digital in-memory compute card)
Jayhawk II (chiplet interconnect)
Competitors
Groq · Cerebras · SambaNova · Etched
AIHardwareInferenceMicrosoft Backed
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q3. Refreshed quarterly.