Semiconductor startup Positron has secured $230 million in Sequence B funding, TechCrunch has solely discovered. The outfit plans to make use of the capital to hurry up deployment of its high-speed reminiscence chips, a crucial part for the chips used for AI workloads, sources accustomed to the matter informed TechCrunch.
Buyers within the spherical embody Qatar Funding Authority (QIA), the nation’s sovereign wealth fund, which has been more and more targeted on constructing out AI infrastructure, the sources stated.
The Reno-based startup’s Sequence B comes as hyperscalers and AI corporations push to cut back their reliance on longstanding chief Nvidia. These corporations embody OpenAI, which, regardless of being considered one of Nvidia’s largest and most necessary prospects, is reportedly unhappy with a number of the agency’s newest AI chips and has been looking for options since final 12 months.
In the meantime, Qatar, by QIA, has been accelerating a broader push into so-called “sovereign” AI infrastructure – a precedence repeatedly underscored at Internet Summit Qatar in Doha this week. A number of sources informed TechCrunch the nation views compute capability as crucial to staying aggressive on the worldwide financial stage, and is positioning itself as a number one AI companies hub within the Center East, fueling curiosity in startups like Positron.
The technique is already taking form by main commitments, together with a $20 billion AI infrastructure three way partnership with Brookfield Asset Administration that was introduced in September.
Positron’s fundraise brings the three-year-old startup’s whole capital raised to simply over $300 million. The startup beforehand raised $75 million final 12 months from buyers together with Valor Fairness Companions, Atreides Administration, DFJ Development, Flume Ventures and Resilience Reserve.
The corporate claims its first-generation chip, Atlas, manufactured in Arizona, can match the efficiency of Nvidia’s H100 GPUs for lower than a 3rd of the ability. Positron is concentrated on inference – computing wanted to run AI fashions for real-world functions – slightly than coaching massive language fashions, positioning the corporate as demand surges for inference {hardware} as companies more and more shift focus from constructing massive fashions to deploying them at scale.
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Sources inform TechCrunch that past its reminiscence capabilities, Positron’s chips additionally carry out strongly in high-frequency and video-processing workloads.
TechCrunch has reached out to Positron for extra data.
