About d-Matrix
d-Matrix is a company based in Los Altos (United States) founded in 2019 by Sid Sheth.. d-Matrix has raised $429 million across 3 funding rounds from investors including Palo Alto Networks, SK hynix and Mirae Asset. The company has 66 employees as of December 31, 2023. d-Matrix offers products and services including Corsair, AI Chip, and Accelerator Card. d-Matrix operates in a competitive market with competitors including Samsung, Adesto, Black Box, Avalanche Technology and Cornelis Networks, among others.
- Headquarter Los Altos, United States
- Employees 66 as on 31 Dec, 2023
- Founders Sid Sheth
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name D-Matrix Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$429 M (USD)
in 3 rounds
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Latest Funding Round
$275 M (USD), Series C
Nov 12, 2025
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Investors
Palo Alto Networks
& 21 more
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Employee Count
66
as on Dec 31, 2023
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Products & Services of d-Matrix
d-Matrix offers a comprehensive portfolio of products and services, including Corsair, AI Chip, and Accelerator Card. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for efficient, low-latency AI inference in datacenters
Chip for ultra-low latency batched inference in AI applications
Card that transforms AI inference computing for real-world scenarios
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Funding Insights of d-Matrix
d-Matrix has successfully raised a total of $429M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $275 million completed in November 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $275.0M
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First Round
First Round
(20 Apr 2022)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Series C - d-Matrix | Valuation | Bullhound Capital , Triatomic | |
| Sep, 2023 | Amount | Series B - d-Matrix | Valuation | Temasek | |
| Apr, 2022 | Amount | Series A - d-Matrix | Valuation | Playground Global |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in d-Matrix
d-Matrix has secured backing from 22 investors, including venture fund and institutional investors. Prominent investors backing the company include Palo Alto Networks, SK hynix and Mirae Asset. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups are facilitated by M12.
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Founded Year | Domain | Location | |
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Early-stage US tech companies are funded by Nautilus Venture Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by d-Matrix
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - d-Matrix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
D-Matrix Comparisons
Competitors of d-Matrix
d-Matrix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Samsung, Adesto, Black Box, Avalanche Technology and Cornelis Networks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category electronic products are manufactured globally by the company.
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Ultra-low-power CBRAM technology is developed for IoT and health applications.
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| domain | founded_year | HQ Location |
Data center equipment is supplied for enterprise operations optimization.
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| domain | founded_year | HQ Location |
Non-volatile memory is developed using proprietary STT-MRAM technology.
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| domain | founded_year | HQ Location |
IT service suite solutions are provided for high-performance computing environments.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on D-Matrix
Frequently Asked Questions about d-Matrix
When was d-Matrix founded?
d-Matrix was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is d-Matrix located?
d-Matrix is headquartered in Los Altos, United States. It is registered at Los Altos, California, United States.
Who is the current CEO of d-Matrix?
Sid Sheth is the current CEO of d-Matrix. They have also founded this company.
Is d-Matrix a funded company?
d-Matrix is a funded company, having raised a total of $429M across 3 funding rounds to date. The company's 1st funding round was a Series A of $44M, raised on Apr 20, 2022.
How many employees does d-Matrix have?
As of Dec 31, 2023, the latest employee count at d-Matrix is 66.
What does d-Matrix do?
d-Matrix was founded in 2019 in Los Altos, United States, and operates in the AI compute sector. A digital in-memory compute engine is provided to address the memory wall, enhancing performance and efficiency for machine learning models. A holistic platform is offered for AI compute, with a focus on datacenter deployments.
Who are the top competitors of d-Matrix?
d-Matrix's top competitors include Samsung, Black Box and Avalanche Technology.
What products or services does d-Matrix offer?
d-Matrix offers Corsair, AI Chip, and Accelerator Card.
Who are d-Matrix's investors?
d-Matrix has 22 investors. Key investors include Palo Alto Networks, SK hynix, Mirae Asset, Marvell, and Temasek.
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