Digital in-memory compute AI accelerator startup focused on LLM inference
AI📍 Santa Clara, CAFounded 2019
Current Valuation
$2.0B
as of 2025-Q3
UNICORN
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.
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
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 · 11 mo 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)
1,171
across all models
Followers
53
Top model
Llama3-8b
764 downloads / 30d
Attributed to Hugging Face organization "d-Matrix" as of 2026-08-19. 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.