d-Matrix Raises $44M in Series A Funding


d-Matrix, a Santa Clara, CA-based provider of AI compute solutions for data centers, raised $44M in Series A funding.

The round was led by Playground Global, M12, and SK Hynix, which joined Nautilus Venture Partners, Marvell Technology and Entrada Ventures.

The company intends to use the funds to build out its product roadmap and grow its team across the United States, Australia, and India— which currently consists of 50+ members, 30% of whom are PhDs, representing a mix of both operational and technical experience.

Led by Sid Sheth, Founder, President & CEO, d-Matrix aims to bring a DIMC-based inference compute platform to market. The company has built a novel AI compute platform that uses a combination of intelligent ML tools and software approaches coupled with chiplets in a Lego block formation enabling integration of multiple programming engines on a common package. d-Matrix has proven its thesis with multiple chiplet developments — the Nighthawk platform announced today and the soon to be released Jayhawk platform. Using this compute architecture and DIMC, d-Matrix will be able to deliver an increase in compute efficiency, several times over, and ensure their clients receive massive gains in performance levels, without compromising on energy costs.

It is also announcing its silicon chiplet NighthawkTM based on DIMC technology.