AI chip startup Positron raises $875 million at $5 billion valuation

AI chip startup Positron has secured $875 million in funding, reaching a $5 billion valuation, a significant increase from its $1 billion valuation in February. The round was co-led by NEA, Atreides Management, Valor Equity Partners, Andra Capital, SemiAnalysis Capital, and Jim Clark. The company has delivered approximately 50 Atlas server racks to Oracle, with additional clients including Jump Trading and Parasail, as it aims to gain a competitive edge in the hardware market.