AI chip startup Positron has completed a $230 million Series B funding round, TechCrunch reported on Tuesday.
Positron will use the funds to develop high-speed memory chips. Qatar's sovereign wealth fund QIA also joined the investment as an investor.
Positron is drawing attention as big tech companies move to reduce reliance on Nvidia.
The company said its Atlas chip delivers performance similar to Nvidia's H100 GPU while cutting power use to one-third.
Positron is focusing on hardware for AI model inference. It is also strengthening high-frequency and video processing capabilities in addition to memory performance, TechCrunch reported.
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