Chip Startup Rivos Raises More Than $250 Million to Tap AI Boom - Bloomberg

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Chip Startup Rivos Raises More Than $250 Million to Tap AI Boom

  • US upstart targets data analytics and generative AI markets
  • Matrix Capital leads round, with Intel, MediaTek participating
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Silicon Valley chip developer Rivos Inc. raised more than $250 million as it works toward bringing out its first product, underscoring the push for new hardware to meet the needs of artificial intelligence.

The Santa Clara, California-based company said Tuesday that Matrix Capital Management is the largest investor in the latest round, with new backers including Intel Capital and Taiwan chip design firm MediaTek Inc. participating.

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