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AI chip startup Positron’s valuation skyrockets in latest funding round
The startup will use the money to finish its Asimov chip and expand Titan production as demand for AI inference hardware climbs.
- On Thursday, Reno-based Positron raised $875 million at a $5 billion post-money valuation, as demand for AI inference hardware continues to climb.
- Thursday's round values the company five times higher than its February figure, when Positron raised $230 million at a $1 billion valuation.
- The financing split into a $375 million Series C and a $500 million Series C-1 led by NEA and Jim Clark, with Forest Baskett and Dylan Patel joining the board.
- Positron Chief Executive Mitesh Agrawal said the proceeds will fund the Asimov tapeout, a 2-megawatt engineering data center, and production of the Titan inference system.
- Production for the Titan system is targeted for the second half of 2027, combining eight Asimov chips to serve AI models exceeding 16 trillion parameters.
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AI chip startup Positron’s valuation skyrockets in latest funding round
Sept 10 (Reuters) - Positron AI, a startup developing chips to run AI models, said on Thursday it has raised $875 million in its latest funding round, more than quadrupling its valuation in seven months to $5 billion. The startup had raised $230 mill...
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Semiconductor Digest
Semiconductor DigestPositron AI Raises $875 Million at a $5 Billion Valuation to Bring Its Next-Generation Inference Silicon to Market
/PRNewswire/ -- Positron AI, the AI inference hardware company built to make serving AI models dramatically cheaper and more energy efficient, today announced...
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AI chip startup Positron's valuation skyrockets in latest funding round
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Positron raises $875M to advance next-gen inference silicon
Positron AI’s next-gen systems realize more than 90% of their available memory bandwidth, are built on commodity LPDDR5X memory that sidesteps constrained HBM and CoWoS supply chains, and deliver leading tokens per dollar and tokens per watt.
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