AI TRENDS | Positron Talks Two-Stage Funding Round of About $750 Million, Valuation Seen Up to $5 Billion

Positron is in talks over a two-stage fundraising round that aims to raise about $750 million, according to a foreign media report citing people familiar with the matter. According to Jin10, the artificial intelligence chip startup focuses on developing energy-efficient inference chips used to run AI models, and is one of several companies seeking to challenge Nvidia. The report said the first stage of the round is expected to value the company at $3.5 billion, while the second stage could value it at about $5 billion. If the fundraising is completed, the company’s valuation would have risen by more than two times in just five months. The report said Positron’s investors include Valor Equity Partners, Atreides Management, and DFJ Growth, as well as Arm and the Qatar Investment Authority.