Microsoft-Backed D-Matrix Hits $2 Billion Value as Qatar Invests

D-Matrix Corp., a Microsoft Corp.-backed AI chip startup, raised $275 million from new investors including Qatar Investment Authority and Singapore’s EDBI, valuing the company at $2 billion.

The funding round was co-led by European technology investor BullhoundCapital, Triatomic Capital, and Singapore state investor Temasek. Microsoft’s M12 venture fund and Mirae Assets, Industry Ventures and Nautilus Venture Partners put in more money after previous investments. The company, which has raised a total of $450 million, will use the new funds to ramp up production and distribution of its hardware to clients, as well as to staff customer support teams.

The d-Matrix Corsair AI accelerator.

Source: d-Matrix

D-Matrix, founded in 2019, focuses on accelerator ...