# MatX funding: rounds and investors

> MatX has raised $580M across 2 rounds since 2024. Investors include Spark Capital, Jane Street and Situational Awareness. Every round with its source.

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

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

# Who invested in *MatX*

2 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Hardware & Electronics Semiconductors

Raised 8 months ago Valuation: $7.0B, Mar 2026

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Funding summary Updated 27 Oct 2026

**$580M** raised across 2 rounds since 2024, from 3 sources

**$80M** Series A **$500M** Series B

- **Latest round:** Series B, $500M Feb 2026
- **Led by:** Jane Street and Situational Awareness
- **Step-up i:** 6.3×
- **Investors:** 8 (3 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2025 2026

**$80M** Series A

**$500M** Series B

- **First round:** Series A, $80M
- **Biggest round:** $500M
- **Between rounds:** 15 months

## The rounds

- **Feb 2026** Series B **$500M** *7 new* *1 returning* [Jane Street](https://millionrounds.com/fund/jane-street) Lead [Situational Awareness](https://millionrounds.com/fund/situational-awareness) Lead [Spark Capital](https://millionrounds.com/fund/spark-capital) [Patrick Collison](https://millionrounds.com/fund/patrick-collison) [NFDG](https://millionrounds.com/fund/nfdg) [John Collison](https://millionrounds.com/fund/john-collison) [Marvell Technology](https://millionrounds.com/fund/marvell-technology) [Alchip](https://millionrounds.com/fund/alchip) Reported by TechCrunch and 1 other SEC filing: $528M sold, first sale Feb 2026
- **Nov 2024** Series A **$80M** *1 new* [Spark Capital](https://millionrounds.com/fund/spark-capital) Lead Reported by TechCrunch SEC filing: $95M sold, first sale Nov 2024

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2024 **Series B** 2026 [Spark Capital](https://millionrounds.com/fund/spark-capital) L [Jane Street](https://millionrounds.com/fund/jane-street) L [Situational Awareness](https://millionrounds.com/fund/situational-awareness) L [Patrick Collison](https://millionrounds.com/fund/patrick-collison) [NFDG](https://millionrounds.com/fund/nfdg) [John Collison](https://millionrounds.com/fund/john-collison) [Marvell Technology](https://millionrounds.com/fund/marvell-technology) [Alchip](https://millionrounds.com/fund/alchip)

## Everyone who backed them

[Spark Capital](https://millionrounds.com/fund/spark-capital) VC firm **2** rounds, led 1

[Jane Street](https://millionrounds.com/fund/jane-street) Growth equity **1** round, led 1

[Situational Awareness](https://millionrounds.com/fund/situational-awareness) Hedge fund **1** round, led 1

[Patrick Collison](https://millionrounds.com/fund/patrick-collison) Angel **1** round

[NFDG](https://millionrounds.com/fund/nfdg) Growth equity **1** round

[John Collison](https://millionrounds.com/fund/john-collison) Angel **1** round

[Marvell Technology](https://millionrounds.com/fund/marvell-technology) VC firm **1** round

[Alchip](https://millionrounds.com/fund/alchip) Growth equity **1** round

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

## Quick answers about MatX

### Who invested in MatX?

MatX's investors include Spark Capital, Jane Street, Situational Awareness, Patrick Collison and NFDG, and 3 more on record. Jane Street led its latest round.

### How much has MatX raised?

MatX has raised $580M across 2 rounds since 2024.

### When did MatX last raise?

MatX's most recent round was a Series B of $500M in Feb 2026, led by Jane Street.

### What was MatX's biggest round?

Its most recent round, $500M in Feb 2026, is also its largest on record.

### Who backed MatX first?

MatX's first round on record, in Nov 2024, was backed by Spark Capital.

### What stage is MatX at?

MatX's latest named round is a Series B, in Feb 2026.

### Where is MatX based?

MatX is based in the United States.

### Who led MatX's rounds?

Spark Capital led the Series A in 2024; Jane Street led the Series B in 2026.

## Companies like MatX

In the same sector, and raised in the last eighteen months.

[**Bedrock Robotics** $870M · Oct 2026](https://millionrounds.com/company/bedrock-robotics)[**Simile** $600M · Oct 2026](https://millionrounds.com/company/simile)[**Ayar Labs** $904M · Oct 2026](https://millionrounds.com/company/ayar-labs)[**Caju AI** $3.0M · Oct 2026](https://millionrounds.com/company/caju-ai)[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**Nevis** $105M · Oct 2026](https://millionrounds.com/company/nevis)

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