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The Reno-based startup, which uses commodity memory instead of scarce HBM, raised the round in two tranches led by NEA and Jim Clark
Ramsey Cardy / Getty Images
Positron AI raised $875 million at a $5 billion post-money valuation on Thursday, as demand for AI inference hardware continues to climb.
The raise was structured in two tranches. A $375 million Series C, priced at a $3.5 billion pre-money valuation, drew co-lead investments from NEA, Atreides Management, Valor Equity Partners, Andra Capital, and SemiAnalysis Capital, the fund run by analyst Dylan Patel. A follow-on Series C-1 of up to $500 million was anchored by NEA and Netscape co-founder Jim Clark. Additional investors include DFJ Growth, Qatar Investment Authority, Hudson River Trading, Cisco $CSCO Investments, and Naver Ventures, among others.
