QIA joins d-Matrix’s Series C USD 275m funding round

Mustafa Eid, DOHA, Qatar — November 13, 2025:

QIA has invested in d-Matrix , a pioneer in generative AI inference for data centers.

Valued at USD 2 billion and bringing the total raised to date to USD 450 million, d-Matrix will use the new capital to advance their roadmap, accelerate global expansion and support multiple large-scale deployments of the world’s highest performing, most efficient data center inference platform for hyperscale, enterprise, and sovereign customers.

The oversubscribed round attracted leading investment firms across Europe, North America, Asia, and the Middle East. The funding was co-led by a global consortium including  BullhoundCapital, Triatomic Capital, and Temasek, and welcomed new investors including QIA and EDBI, alongside follow-on participation from M12, Microsoft’s Venture Fund, as well as Mirae Asset, Industry Ventures, and Nautilus Venture Partners.

d-Matrix’s full-stack inference platform combines breakthrough compute-memory integration, high-speed networking, and inference-optimized software to deliver 10× faster performance, 3× lower cost, and 3–5× better energy efficiency than GPU-based systems.

This step-change in performance and efficiency directly addresses growing AI sustainability challenges. By enabling one data center to handle the workload of ten, d-Matrix offers a clear path to reducing global data center energy consumption while enabling enterprises to deliver cost-efficient, profitable AI services without compromise.

“From day one, d-Matrix has been uniquely focused on inference. When we started d-Matrix six years ago, training was seen as AI’s biggest challenge, but we knew that a new set of challenges would be coming soon,” said Sid Sheth, CEO and co-founder of d-Matrix. “We predicted that when trained models needed to run continuously at scale, the infrastructure wouldn’t be ready. We’ve spent the last six years building the solution: a fundamentally new architecture that enables AI to operate everywhere, all the time. This funding validates that vision as the industry enters the Age of AI Inference.”

Investor confidence reflects d-Matrix’s differentiated technology, rapid customer growth, and expanding network of global partners — including the recently announced  d-Matrix SquadRack™ open standards-based reference architecture with Arista, Broadcom, and Supermicro. A strong product roadmap featuring 3D memory-stacking innovations and a customer-centric go-to-market strategy further establishes d-Matrix as a cornerstone of the new AI infrastructure stack.

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