d-Matrix
D-
d-Matrix builds semiconductor hardware and software for AI inference in data centers. Its products use digital in-memory compute and a chiplet architecture to reduce data movement between memory and compute. The company targets cloud and enterprise deployments running large language and recommendation models.
Founded by Sid Sheth (Founder, CEO), Sudeep Bhoja (Founder, CTO)
Blended valuation$3.3B$3.3B secondary
Valuation history
Weekly blended valuation with priced funding rounds marked on the timeline.
$3.6B
blended valuationfunding round
May 31, 2021$0Oct 5, 2026
All rounds
4 funding rounds, newest first.
| Round | Announced | Raised | Post-money |
|---|---|---|---|
| Series C | Nov 12, 2025 | $275M | $2B |
| Series B | Sep 6, 2023 | $110M | $385M |
| Series A | Apr 20, 2022 | $44M | $101.8M |
| Seed | Mar 1, 2021 | $7.3M | $22.3M |
Investors
42 investors across all rounds.
- PGPlayground Global
- THTemasek Holdings
- M-M12 - Microsoft's Venture Fund
- ACAmino Capital
- EDEDBI
- FVFoothill Ventures
- IVIndustry Ventures
- MIMicrosoft
- MAMirae Asset
- QIQatar Investment Authority
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Secondary market activity
Recent buy and sell interest for d-Matrix shares on the secondary market.
| Kind | Implied valuation | Price / share | Date |
|---|---|---|---|
| $3.1B | $27.16 | Sep 29, 2026 | |
| $4.4B | $33.97 | Sep 23, 2026 | |
| $2.5B | $19.49 | Sep 22, 2026 |
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Data as of Oct 16, 2026. Valuations are estimates blended from primary and secondary-market signals — not investment advice.