AI Chip Startup Positron in Talks to Raise $750 Million, Valuation Could Reach $5 Billion

CoinFeed July 9 news, according to Cryptobriefing, AI chip startup Positron is in talks to raise about $750 million in two rounds. The first round is expected at a valuation of $3.5 billion, and the second round at about $5 billion. The company was founded in 2023, headquartered in Reno, Nevada, and has raised about $309 million to date. After completing a $230 million Series B round in February 2026, its valuation exceeded $1 billion, with investors including the Qatar Investment Authority and Arm Holdings. Positron touts energy efficiency advantages; its Atlas inference system has shipped to customers, with Cloudflare being one of the buyers. The company claims its hardware delivers over 3.5 times better performance per watt than Nvidia products on some AI inference workloads.