Semiconductor startup Positron is set to receive $230M in Series B funding, bringing the company to a $1B valuation, TechCrunch’s Rebecca Bellan reports. The startup intends to use the capital to ramp up deployment of its high-speed memory chips, a critical component for chips used for AI workloads, the author says, citing sources familiar with the matter. The Series B investment round, which was co-led by by Arena Private Wealth, Jump Trading, and Unless, with strategic investment from Qatar Investment Authority, comes as hyperscalers and AI companies seek to reduce their reliance on Nvidia’s (NVDA) chips, the author notes.
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