On November 12th, U.S. media sources reported that AI chip startup D-Matrix recently secured $275 million in a new funding round. The investors in this round included prominent entities such as the Qatar Investment Authority and Singapore's Economic Development Board Investments Pte. Ltd. This influx of capital has propelled the company's valuation to an impressive $2 billion. With this latest injection of funds, D-Matrix's cumulative funding has now reached a substantial $450 million.

D-Matrix intends to allocate the newly acquired funds towards expanding its hardware production capabilities and distribution networks. Additionally, the company plans to bolster its customer support team to ensure top-notch service for its clients. Established in 2019, D-Matrix has dedicated its efforts to the development of accelerator chips and AI inference technology. The latter, AI inference technology, plays a pivotal role in the artificial intelligence market, enabling the efficient execution of pre-built models and the rapid processing of a large volume of queries.