d-Matrix
Digital in-memory compute AI accelerator startup focused on LLM inference
AI
📍 Santa Clara, CA
Founded 2019
Current Valuation
$2.0B
as of 2025-Q3
UNICORN
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.
Company Profile
Last Round
Series C — $275M (Sep 2025) · Lead: BullhoundCapital
IPO Status
no imminent plans
Fundraising Status
Series C · $275M · 10 mo ago
no imminent plansTotal raised $450M
Latest Funding Round
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Series C | $275M | Sep 2025 | BullhoundCapital | — |
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.