# d-Matrix funding: rounds and investors

> d-Matrix has raised $275M across 1 round since 2025. Investors include Temasek Holdings, Bullhound Capital and Triatomic Capital. Every round with its source.

Source: https://millionrounds.com/company/d-matrix (Millionrounds; every figure on the page links to its filing or article)

United States · [Series C startup](https://millionrounds.com/companies)

# Who invested in *d-Matrix*

One round we have observed, with the 10 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Semiconductors

Raised 11 months ago Valuation: $2.0B, Mar 2026

Funding summary Updated 26 Oct 2026

**$275M** raised across 1 round since 2025, from 2 sources

- **Latest round:** Series C, $275M Nov 2025
- **Led by:** Temasek Holdings and Bullhound Capital and 1 more
- **Investors:** 10 (3 led)

See who backed them

## The rounds

- **Nov 2025** Series C **$275M** [Temasek Holdings](https://millionrounds.com/fund/temasek) Lead [Bullhound Capital](https://millionrounds.com/fund/bullhound-capital) Lead [Triatomic Capital](https://millionrounds.com/fund/triatomic-capital) Lead [Industry Ventures](https://millionrounds.com/fund/industry-ventures) [Amino Capital](https://millionrounds.com/fund/amino-capital) [EDBI](https://millionrounds.com/fund/edbi) [Microsoft](https://millionrounds.com/fund/microsoft) [Playground Global](https://millionrounds.com/fund/playground-global) [Qatar Ban](https://millionrounds.com/fund/qatar-ban) [M12 (Microsoft's VC)](https://millionrounds.com/fund/m12-microsoft-s-vc) Reported by TechStartups and 1 other

## Founders and team

From d-Matrix's own website: 2 founders, 9 on the team.

**Sid Sheth** Founder & CEO

**Sudeep Bhoja** Founder & CTO

- **Ashot Melik-Martirosian** Vice President of Program Management
- **Jerry Qubain** Vice President of Manufacturing, Operations
- **Kam Eshghi** Senior Vice President of Business Development & Sales
- **Kristin Bryson** Vice President of Corporate Communications
- **Rory Mcinerney** Interim Senior Vice President of Hardware Engineering
- **Sree Ganesan** Vice President of Product & Customer Engineering
- **Vid Jain** Vice President of Developer & Cloud Engineering
- **May O’Neal** Chief Human Resources Officer
- **Richard Ogawa** General Counsel and Chief Compliance Officer

## Everyone who backed them

[Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **1** round, led 1

[Bullhound Capital](https://millionrounds.com/fund/bullhound-capital) VC firm **1** round, led 1

[Triatomic Capital](https://millionrounds.com/fund/triatomic-capital) Private equity **1** round, led 1

[Industry Ventures](https://millionrounds.com/fund/industry-ventures) VC firm **1** round

[Amino Capital](https://millionrounds.com/fund/amino-capital) Accelerator **1** round

[EDBI](https://millionrounds.com/fund/edbi) VC firm **1** round

[Microsoft](https://millionrounds.com/fund/microsoft) Corporate VC **1** round

[Playground Global](https://millionrounds.com/fund/playground-global) VC firm **1** round

[Qatar Ban](https://millionrounds.com/fund/qatar-ban) Growth equity **1** round

[M12 (Microsoft's VC)](https://millionrounds.com/fund/m12-microsoft-s-vc) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=d-matrix).

## Also claim to have backed them

These 11 firms list d-Matrix as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[M12](https://millionrounds.com/fund/m12) Corporate VC Per its own site

[TSVC](https://millionrounds.com/fund/tsv-capital) VC firm Per its own site

[Foothill Ventures](https://millionrounds.com/fund/foothill-ventures) VC firm Per its own site

[Lam Capital](https://millionrounds.com/fund/lam-capital) VC firm Per its own site

[Archerman Capital](https://millionrounds.com/fund/archerman-capital) Growth equity Per its own site

[Berkeley Frontier Fund](https://millionrounds.com/fund/berkeley-frontier-fund) VC firm Per its own site

[Nautilus Investmen...](https://millionrounds.com/fund/nautilus-investmen) VC firm Per its own site

[New Layer Capital](https://millionrounds.com/fund/new-layer-capital) VC firm Per its own site

[SAV (Scale Asia Ventures)](https://millionrounds.com/fund/sav-scale-asia-ventures) VC firm Per its own site

[TF Capital Management LLC](https://millionrounds.com/fund/tf-capital-management-llc) Investor Per its own site

[Tulypp Capital Partners](https://millionrounds.com/fund/tulypp-capital-partners) Advisor Per its own site

## Quick answers about d-Matrix

### Who invested in d-Matrix?

d-Matrix's investors include Temasek Holdings, Bullhound Capital, Triatomic Capital, Industry Ventures and Amino Capital, and 5 more on record. Temasek Holdings led its latest round.

### How much has d-Matrix raised?

d-Matrix has raised $275M across 1 round since 2025.

### When did d-Matrix last raise?

d-Matrix's most recent round was a Series C of $275M in Nov 2025, led by Temasek Holdings.

### What was d-Matrix's biggest round?

Its most recent round, $275M in Nov 2025, is also its largest on record.

### Who backed d-Matrix first?

d-Matrix's first round on record, in Nov 2025, was backed by Temasek Holdings, Bullhound Capital and Triatomic Capital and 7 others.

### What stage is d-Matrix at?

d-Matrix's latest named round is a Series C, in Nov 2025.

### Where is d-Matrix based?

d-Matrix is based in the United States.

### Who led d-Matrix's rounds?

Temasek Holdings led the Series C in 2025.

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