FinSMEs

D-Matrix Raises $275M in Series C Funding

d-Matrix, a Santa Clara‑based provider of generative AI inference compute, closed a $275 million Series C round at a $2 billion valuation, bringing its total capital raised to $450 million. The round was co‑led by Bullhound Capital, Triatomic Capital and Temasek, with participation from QIA, EDBI, M12, Microsoft’s venture fund and other investors. d‑Matrix will deploy the capital to accelerate global expansion and support large‑scale data‑center deployments of its Corsair accelerators, JetStream NICs and Aviator software, which can deliver up to 30 K tokens per second at 2 ms per token on a Llama 70B model and run 100‑billion‑parameter models in a single rack. The company now operates offices in the U.S., Canada, Australia, India and Serbia.