Nevada-Based Positron AI Raises $875M in Series C Funding

Positron AI, a Reno, NV-based provider of an AI inference hardware platform, has raised $875 million in a Series C financing round co-led by NEA, Atreides Management, Valor Equity Partners, Andra Capital, Dylan Patel’s SemiAnalysis Capital, and Jim Clark.

The round also saw participation from DFJ Growth, Qatar Investment Authority (QIA), Resilience Reserve, Arena Private Wealth, Natural Capital, Helena, 1517 Fund, Flume Ventures, Unless, Boardman Bay Capital Management, Fincadia Advisors, Banyan Ventures, U First Capital, VentureTech Alliance, Hudson River Trading, Cisco Investments and Naver Ventures.

The company plans to use the fresh capital to expand operations, develop its next-generation silicon and scale its inference systems.

Funding Snapshot

About Positron AI

Founded in 2023 by Thomas Sohmers and Edward Kmett, Positron AI builds hardware and software designed to make AI inference more cost-effective and energy efficient. Its systems are designed around the growing requirements of AI inference, particularly memory capacity, memory bandwidth and power efficiency.

Read More:California-Based Epsilon Health Raises $27.6M in Funding

The company's first-generation inference system, Atlas, is already deployed at Oracle Cloud Infrastructure, with more than 50 racks being deployed. Parasail uses this capacity for its inference service, while other Atlas production customers include Jump Trading and i3d.net.

Positrons next generation Asimov silicon is planned to tape out on TSMC N3P at the end of 2026 with production expected in the second half of 2027.

Core offerings include:

• AI inference hardware
• Atlas inference system
• Asimov custom silicon
• Titan inference system
• Energy efficient AI infrastructure

Core Technologies / Products / Services