Positron AI Secures $875M to Challenge Nvidia with Custom Inference Chip

Positron AI, a Reno-based startup, raised $875 million in Series C funding, elevating its valuation to $5 billion. The company argues that its LPDDR5X-based Asimov ASIC can outperform Nvidia’s HBM by achieving over 90% bandwidth utilization during AI inference. Production is slated for late 2027, promising flexibility for large model deployments.