Positron Seeks $750 Million Funding at Up to $5 Billion Valuation
Updated
Updated · Bloomberg · Jul 8
Positron Seeks $750 Million Funding at Up to $5 Billion Valuation
1 articles · Updated · Bloomberg · Jul 8
Summary
$750 million is the target size of a two-phase fundraising Positron is discussing, marking one of the latest big financing efforts by an AI chip startup.
The first tranche would value Positron at about $3.5 billion, while a second phase could lift that valuation to roughly $5 billion, according to people familiar with the talks.
Positron is pursuing the capital as part of a broader push by startups trying to challenge Nvidia in the fast-growing AI chip market.