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d-Matrix

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Updated Mar 24, 2026

Everything you need to know about d-Matrix — from their $450M in funding to who's backing them.

🇺🇸United StatesSeries CAI Infrastructure

Out of 100

🇺🇸

HQ

United States

🗓

Founded

2019

💰

Raised

$450M

🏷️

Stage

Series C

👥

Team

150

d-Matrix is an AI infrastructure company founded in 2019 that develops hardware and software solutions optimized for generative AI and large language model inference. The company designs specialized processors and system architectures to improve the efficiency and cost-effectiveness of deploying AI models at scale. d-Matrix's core technology focuses on reducing latency and power consumption in AI

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Key Facts

  • d-Matrix is valued at $2B as of March 2026.
  • d-Matrix has raised a total of $450M in disclosed funding across 3 funding rounds.
  • d-Matrix was founded in 2019 by Sid Sheth and is headquartered in United States.
  • d-Matrix employs approximately 150 people.
  • d-Matrix operates in the AI Infrastructure category and is currently at the Series C stage.
  • d-Matrix has an Awaira Score of 68/100, ranking it among the tracked AI companies on Awaira.
  • d-Matrix's most recent funding round was a Series C of $343M closed in June 2023, led by Bessemer Venture Partners.

Source: Awaira · Updated Mar 24, 2026

$2B

Post-money

$450M

All rounds

68/100

2019

150 employees

Strengths

Unicorn status with $2B valuation

Strong Awaira Score of 68/100

Growing team of 150 employees

Analysis based on publicly available data. Not investment advice.

3

Total Rounds

$150M

Avg Round Size

2.8yr

Funding Span

d-Matrix raised 3 rounds over 2.8 years, averaging $150M per round — a pace of roughly one round every 11 months.

⚠️ ESTIMATE
💵Est. Annual Revenue
$50M–$500M estimated ARR

Awaira estimate based on public data. Not financial advice.

How does d-Matrix stack up against competitors?

Metricd-MatrixCoreWeaveGraphcoreNebius
Awaira Score68/10095/10085/10084/100
Total Raised$450M$2.38B$767M$2B
Valuation$2B$49B$600M$25B
StageSeries CPublicAcquiredPrivate
Founded2019201720162023
Employees1501800500-10001,000
Country🇺🇸🇺🇸🇬🇧🇳🇱
S

Sid Sheth

Founder & CEO

View founder profile →
StageSeries C
Employees150
Country🇺🇸 United States
Connect
Inactive
3 rounds
Series CLatest

Led by Bessemer Venture Partners

$343M

Jun 2023

Series B

Led by Bessemer Venture Partners

$87M

Oct 2021

Series A

Led by Khosla Ventures

$20M

Sep 2020

Frequently Asked Questions

What is d-Matrix's valuation?
Based on the most recent funding round, the valuation sits at $2B.
Who invested in d-Matrix?
Known backers include Bessemer Venture Partners, Khosla Ventures, Silverton Partners, Lightspeed Venture Partners. These investors have supported the company through various funding rounds.
When did d-Matrix last raise funding?
A Series C of $343M represents the most recent capital raise in June 2023. The round was led by Bessemer Venture Partners.
How many employees does d-Matrix have?
Around 150 people work there, with headquarters in United States.
What does d-Matrix do?
d-Matrix is an AI infrastructure company founded in 2019 that develops hardware and software solutions optimized for generative AI and large language model inference. The company designs specialized processors and system architectures to improve the efficiency and cost-effectiveness of deploying AI models at scale. Founded in 2019, d-Matrix is categorized under AI Infrastructure.
Who founded d-Matrix?
Sid Sheth established the company in 2019. It's based in United States. Sid Sheth serves as Founder & CEO.
Is d-Matrix profitable?
Profitability details aren't publicly disclosed. The company has raised $450M in total funding and is currently at the Series C stage.
Where is d-Matrix headquartered?
Headquarters are in United States 🇺🇸. The company operates in the AI Infrastructure sector and was established in 2019.
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