Positron raises $23.5M to scale U.S.-manufactured AI inference chips

Company name: Positron
Location: Reno, NV
Industry: Chip manufacturing

Funding details:

• Amount: $23.5M
• Investors:
  • Flume Ventures
  • Valor Equity Partners
  • Atreides Management
  • Resilience Reserve

Purpose of investment:

• Scale production of energy-efficient AI inference chips
• Expand deployment to data centers and enterprises

Leadership:

• CEO: Mitesh Agrawal (formerly of Lambda)
• CTO & Co-founder: Thomas Sohmers
• CSO & Co-founder: Edward Kmett

Product:
Positron develops advanced AI inference systems designed to optimize performance, scalability, and energy efficiency in data centers and enterprise AI workloads.

Key features:

• Energy-efficient AI chips: Designed to handle AI inference workloads while consuming less power.
• Scalability for AI workloads: Enables enterprises to expand AI capabilities without increasing power demands.
• Alternative to Nvidia: Reduces dependency on dominant GPU providers by offering a new approach to inference computing.

Growth metrics:

• Already shipping products to data centers and neocloud providers across the U.S.

Future plans:
With this funding, Positron will ramp up chip production, expand partnerships with data centers, and drive innovation in AI inference computing.