MatX, founded in 2022 by former Google TPU engineers, is designing MatX One, a processor for training and running large language models. It raised a $500 million Series B on 24 February 2026, co-led by Jane Street and Situational Awareness, with Marvell among the backers.
At a glance
| Price from | Not public |
| Best for | AI labs training large language models |
From MatX's own website.
What stands out
- Founding team built Google's TPUs
- Backed by Jane Street and Marvell
Worth knowing
- Chips not shipping yet
- Unproven at volume
How it ranks
MatX is ranked 5th of 10 in Best AI Chip Startups (Lister Score 91.9).
#5 in Best AI Chip Startups · Lister Score 91.9
MatX plans to finalise its chip design in 2026 and ship in 2027, manufacturing with TSMC, according to DCD..
| Rank | Best AI Chip Startups | Score |
|---|---|---|
| 1 | SambaNova Systems | 96.8 |
| 2 | Etched | 95.6 |
| 3 | Tenstorrent | 94.4 |
| 4 | Positron AI | 93.1 |
| 5 | MatX | 91.9 |
| 6 | Rebellions | 90.6 |
| 7 | Lightmatter | 89.3 |
| 8 | d-Matrix | 88.0 |
| 9 | FuriosaAI | 86.7 |
| 10 | Axelera AI | 85.4 |
Frequently asked questions
How does MatX rank on Lister?
MatX is ranked 5th of 10 in Best AI Chip Startups (Lister Score 91.9).
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