d-Matrix Raises $110 Million in Series B

by Kay Aloha Villamor in September 7th, 2023

d-Matrix, a Santa Clara, CA-based startup that provides generative AI compute platforms for data centers, raised $110 million in Series B funding.

SaaS Investors

Temasek led the round.

Temasek is a global investment company headquartered in Singapore. The firm provides debt facilities and caters to industries including financial services, transportation, industrial, consumer, real estate, telecommunications, media, technology, and life sciences.

d-Matrix Use of Funds

With the funding, d-Matrix plans to invest in recruitment and commercialization of its product to satisfy the immediate customer need for a lower-cost, more efficient compute infrastructure for generative AI inference. 

About d-Matrix

Founded in 2019, d-Matrix is a supplier of Digital In-Memory Computing (DIMC) solutions that address the growing demand for transformer and generative AI inference acceleration. The company creates flexible solutions for inference at scale using innovative DIMC circuit techniques, a chipset-based architecture, high-bandwidth BoW (chiplet) interconnects, and a full stack of machine learning and large language model tools and software. The company is headquartered in Santa Clara, California, with offices in Bengaluru, India, and Sydney, Australia.

Funding Details

Company: d-Matrix Corporation

Raised: $110.0M

Round: Series B

Funding Month: September 2023

Lead Investors: Temasek

Additional Investors:

Company Website: https://www.d-matrix.ai/ 

Software Category: Generative AI Compute Platform

Source: https://www.businesswire.com/news/home/20230906216008/en




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