Nvidia challenger AI chip startup MatX raised $500M [TechCrunch]
Marvell Technology, Inc. (MRVL)
Last marvell technology, inc. earnings: 3/4 04:05 pm
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Source: TechCrunch
The company's goal is to make its processors 10 times better at training LLMs and delivering results than Nvidia's GPUs. Other investors in the round include Marvell Technology, NFDG, Spark Capital, and Stripe co-founders Patrick Collison and John Collison, the startup's founder and CEO Reiner Pope announced Tuesday in a post on LinkedIn Although the company didn't release its latest valuation, Etched, MatX's closest competitor, raised a $500 million round at a $5 billion valuation , Bloomberg reported last month. Etched didn't immediately respond to a request for comment. MatX's latest round comes more than a year after its Series A of about $100 million, which was led by Spark Capital. TechCrunch earlier reported that the 2024 round valued the startup at more than $300 million Before co-founding MatX in 2023, Pope led AI software development for Google's TPUs, the tech giant's proprietary AI chips. His co-founder Mike Gunter, was a lead designer of the TPU hardware before l
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MRVL
News
- Prediction: This Custom AI Chip Stock Will Outperform Nvidia in 2026 [Yahoo! Finance]Yahoo! Finance
- Is Marvell Technology (MRVL) Fairly Priced After Recent Semiconductor Sector Reassessment? [Yahoo! Finance]Yahoo! Finance
- Marvell to Showcase PCIe 8.0 SerDes Demonstration at DesignCon 2026Business Wire
- Marvell to Showcase Latest AI Data Center Connectivity Solutions at DesignCon 2026Business Wire
- Marvell Technology (NASDAQ:MRVL) had its "hold" rating reaffirmed by analysts at TD Cowen.MarketBeat
MRVL
Earnings
- 12/2/25 - Beat
MRVL
Sec Filings
- 2/25/26 - Form D
- 2/18/26 - Form 424B7
- 2/18/26 - Form 8-K
- MRVL's page on the SEC website