Who founded d-Matrix?

d-Matrix was founded by Sid Sheth in 2019.

Who are d-Matrix's investors?

d-Matrix's investors include Playground Global, Temasek, Advaita Capital, Alpha Square Group, Amino Capital, Archerman Capital, Berkeley Frontier, Cortado Ventures and 15 more.

How much funding has d-Matrix raised?

d-Matrix has disclosed $275M raised across 1 of its 2 known rounds.

d-Matrix

Founded 2019 · 325 employees on LinkedIn · 29 known investors

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d-Matrix develops AI compute hardware and platforms optimized for generative AI inference, designed to be faster, more energy-efficient, and more accessible than existing solutions.

AI & Machine Learning Hardware Semiconductors

Founders & leadership

d-Matrix was founded in 2019 by Sid Sheth.

Sid Sheth Founder | President | CEOSid Sheth is a semiconductor executive with over 20 years of experience in processor and networking businesses across cloud, telecom, and enterprise markets. He previously served as Senior Vice President and General Manager of the Networking Business Unit at Inphi Corporation, where he built a $1B+ business focused on AI datacenter solutions before Inphi's $10B acquisition by Marvell, and earlier held roles at NetLogic Microsystems, Aeluros, and Intel in engineering, marketing, and management capacities; he holds an M.S.E.E. from Purdue University and is the founder and CEO of d-Matrix, which develops AI compute hardware for generative AI inference.

Sudeep BhojaFounderHe spent seven years as CTO of networking interconnect at Inphi Corporation and six years as technical director for high-speed interconnects in Broadcom's infrastructure and networking group. Earlier in his career he was chief architect at Big Bear Networks and held technical roles at Lucent Technologies and Texas Instruments.

Investors · 29

Playground Global✓ confirmed by d-MatrixPalo Alto · $1M – $20M

How we know: Playground Global's portfolio page · the company's own site · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Temasek✓ confirmed by d-MatrixSingapore

How we know: the company's own site · finance.yahoo.com · Not right? Tell us

Advaita Capitallisted by Advaita CapitalBoston

How we know: Advaita Capital's portfolio page · Not right? Tell us

Alpha Square Grouplisted by Alpha Square GroupNew York

How we know: Alpha Square Group's portfolio page · Not right? Tell us

Amino Capitallisted by Amino CapitalPalo Alto · $100K – $10M

How we know: Amino Capital's portfolio page · a partner's Signal profile · the VCSheet dataset · Not right? Tell us

Archerman Capitallisted by Archerman CapitalBoston

How we know: Archerman Capital's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

Berkeley Frontierlisted by Berkeley FrontierBerkeley

How we know: the VCSheet dataset · Not right? Tell us

Cortado Ventureslisted by Cortado VenturesOklahoma City

How we know: Cortado Ventures's portfolio page · Not right? Tell us

Entrada Ventureslisted by Entrada VenturesSanta Barbara

How we know: Entrada Ventures's portfolio page · the VCSheet dataset · Not right? Tell us

Foothill Ventureslisted by Foothill VenturesLos Altos · $100K – $10M

How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

G Vision Capitallisted by G Vision CapitalMountain View

How we know: G Vision Capital's portfolio page · Not right? Tell us

Lam Capitallisted by Lam Capital

How we know: Lam Capital's portfolio page · Not right? Tell us

Ligo Partners LLClisted by Ligo Partners LLCMiami

How we know: Ligo Partners LLC's portfolio page · Not right? Tell us

M12 (Microsoft's Venture Fund)listed by M12 (Microsoft's Venture Fund)Seattle · $100K – $10M

How we know: M12 (Microsoft's Venture Fund)'s portfolio page · a partner's Signal profile · finance.yahoo.com · prnewswire.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Nautilus Ventures Management Company (Us), Llclisted by Nautilus Ventures Management Company (Us), LlcPalo Alto

How we know: Nautilus Ventures Management Company (Us), Llc's portfolio page · Not right? Tell us

Nearingpoint Venture Partners Inc.listed by Nearingpoint Venture Partners Inc.Torontovia Saurabh Khandelwal · inferred

How we know: Nearingpoint Venture Partners Inc.'s portfolio page · Not right? Tell us

New Layer Capitallisted by New Layer Capital

How we know: New Layer Capital's portfolio page · Not right? Tell us

SAV (Scale Asia Ventures)listed by SAV (Scale Asia Ventures)Palo Alto · $100K – $25M

How we know: SAV (Scale Asia Ventures)'s portfolio page · the VCSheet dataset · Not right? Tell us

Triatomic Capitallisted by Triatomic CapitalPalo Alto · $10M – $20M

How we know: Triatomic Capital's portfolio page · finance.yahoo.com · the VCSheet dataset · Not right? Tell us

TSVClisted by TSVCSilicon Valley · $1M

How we know: a partner's Signal profile · the VCSheet dataset · Not right? Tell us

Ericsson VenturesreportedStockholm

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Industry VenturesreportedSan Francisco · $250K – $50M

How we know: finance.yahoo.com · Not right? Tell us

Qatar Investment AuthorityreportedDoha

How we know: finance.yahoo.com · Not right? Tell us

Also in the syndicate · 6

Bullhound CapitalleadBullhoundCapitalleadEDBIM12Mirae AssetSingapore's Economic Development Board Investments

Funding

SEC filings, press & company announcements

$275M disclosed across 1 of 2 rounds · 2025

$275MSeries CDec 2025 · 2 sources
Bullhound Capital (lead), BullhoundCapital (lead), Temasek (lead), Triatomic Capital (lead), EDBI, Industry Ventures, M12, Microsoft's Venture Fund, Mirae Asset, Nautilus Venture Partners, Qatar Investment Authority (QIA)
Source ↗
Undisclosed amountSeries CNov 2025
BullhoundCapital (lead), Temasek (lead), Triatomic Capital (lead), Industry Ventures, M12, Nautilus Venture Partners, Qatar Investment Authority, Singapore's Economic Development Board Investments
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

2 people who came through d-Matrix went on to found or lead other companies.

Marissa Ramirez de ChanlatteBoard ObserverFounded Prompt AI Alex FangBoard ObserverFounded AURRION, INC.

Related companies · 7

NVIDIANVIDIA designs GPUs, AI computing hardware, and software platforms for AI development, data centers, autonomous vehicles, and robotics, serving developers, researchers, and enterprises. Its offerings include AI models, power architecture for AI factories, and compute infrastructure used across industries such as manufacturing, healthcare, and automotive.

OracleOracle sells enterprise database software, applications and cloud infrastructure, and has grown through large acquisitions including PeopleSoft, Siebel and Sun Microsystems.

HazelcastHazelcast provides a distributed in-memory data platform offering caching, data integration, in-memory compute, and stream processing for building real-time applications. It serves enterprise customers such as banks and payment processors, with a cloud-native, Kubernetes-supported architecture.

armArm is a semiconductor company that designs and licenses processor IP and compute platforms used from edge devices to AI data centers, spanning markets such as data centers, automotive, and general computing. It is a publicly traded company majority-owned by SoftBank Group.

Cloudflare, Inc.Cloudflare provides a global cloud network platform delivering security, performance, and development services through sixty-plus integrated services including SASE, application security, and full-stack development infrastructure.

ArubaEnterprise networking (Wi-Fi, switches, SD-WAN) with cloud-managed security for campuses & branches

F5F5 develops application delivery and security software and hardware platforms, including BIG-IP load balancers and application firewalls, for enterprise and government networks. The company serves organizations requiring network traffic management, cybersecurity, and application access control.

Companies working in the same space as d-Matrix.

In the news

d-Matrix Stock Price, Valuation & IPO Outlook 2026 — IPO CLUBipo.club · Sep 2026

d-Matrix IPO Timeline and Financing Details - Forgeforgeglobal.com · Jul 2026

Chip startup d-Matrix raises $275M to speed up inference with in-memory computesiliconangle.com · Dec 2025

d-Matrix Raises $275 Million to Power the Age of AI Inferenceprnewswire.com · Dec 2025

Microsoft-Backed d-Matrix Raises $275M At $2B Valuation, Claims 10X Faster AI Performance Than Nvidia's GPU Systemsfinance.yahoo.com · Nov 2025

Frequently asked questions

What does d-Matrix do?: d-Matrix develops AI compute hardware and platforms optimized for generative AI inference, designed to be faster, more energy-efficient, and more accessible than existing solutions.
Who founded d-Matrix?: d-Matrix was founded by Sid Sheth in 2019.
Who are d-Matrix's investors?: d-Matrix's investors include Playground Global, Temasek, Advaita Capital, Alpha Square Group, Amino Capital, Archerman Capital, Berkeley Frontier, Cortado Ventures and 15 more.
How much funding has d-Matrix raised?: d-Matrix has disclosed $275M raised across 1 of its 2 known rounds.