Positron raises $230 million to build memory chips for AI
Reno startup Positron grabbed $230 million in fresh funding (Series B) including Qatar Investment Authority, bringing its total to over $300 million.
The cash is all about rolling out high-speed memory chips designed for AI—think faster, more efficient tech powering your favorite smart apps.
The startup's Atlas chips are designed to run large language models
Positron builds special accelerators for AI called Atlas chips.
These are memory-optimized accelerators designed with large amounts of high-bandwidth memory, letting them run large language models efficiently—
Positron says they offer better performance per dollar and lower power consumption than some competing GPU systems.
The company has raised over $300 million in funding
The company was started by Thomas Sohmers (CTO) and Edward Kmett (Chief Scientist), with Mitesh Agrawal as CEO.
After previously raising just over $75 million in 2025 across two funding rounds, they're now set to speed up their chip rollout and make AI even more accessible.