d-Matrix — Startup Profile

Memory-centric compute for efficient AI inference

HQ: Santa Clara, CA | Founded: 2019 | Employees: Not publicly disclosed | Stage: Venture-backed | Website: https://www.d-matrix.ai

About

d-Matrix designs memory-centric computing systems and chips for fast-response, energy-efficient generative-running AI models.

The Take

d-Matrix is attacking running AI models economics with an architecture optimized around moving less data between memory and computing power. Its opportunity rises as running AI models becomes a larger cost center.

semiconductor design, software compatibility, manufacturing, and competition from incumbent accelerators remain substantial risks.

Key Metrics

• Founded: 2019
• Founders: Sid Sheth; David L. Schaeffer
• Latest signal: d-Matrix raises $275M at a reported $2B valuation
• Products: 3

Funding Rounds

• Round: $275M (2025-11) — BullhoundCapital, Triatomic Capital, and Temasek
• Round: $110M (2023-09) — Not fully disclosed

Key People

• Sid Sheth
• David L. Schaeffer

Key Competitors

• Incumbent platforms —
• Specialist startups —

Timeline Highlights

• 2023-09: Growth financing
• 2025-11: Series C
• 2019: Founded

Recent News

• d-Matrix raises $275M at a reported $2B valuation (2025-11-12)

Similar Startups

• Cresta — Enterprise AI platform for contact centers — real-time coaching for human agents plus AI virtual age
• Cerebras Systems — The wafer-scale AI processor company
• Adept — AI systems that act across software interfaces
• Exa — Web search rebuilt for AI systems
• Formation Bio — AI-native pharma for faster drug development

Browse: Home | Blog | About | All Startups A-Z | View full profile on StartupWiki