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AI chip and compute startups

Labs whose thesis is the substrate: chip design, neuromorphic hardware, kernels. We track 5 labs in this area, which have raised $775M in disclosed rounds between them; the most valuable is Unconventional AI, at $4.5B.

5labs
$775Mdisclosed raised
$8.5Breported valuations
LabTopicLocationFounders fromFoundedLast roundValuationRaisedStatus
Unconventional AIBrain-inspired analog and neuromorphic compute substrates to escape the scaling crunch of …site · in Compute & chips San Francisco, US ex-Databricks, ex-MIT, ex-Stanford, ex-Qualcomm 2025 Seed $475MDec 8, 2025 $4.5B $475M Research only
Ricursive IntelligenceSelf-improving systems applied to chip design, from the AlphaChip creators; targets the 18…site · in Compute & chips Palo Alto, US ex-Google DeepMind, ex-Anthropic 2025 Series A $300MJan 26, 2026 · Lightspeed $4B $300M Research only
InferactCommercialising vLLM, from its creators.site · in Compute & chips Berkeley, US ex-UC Berkeley 2025 · $800Mest. · Open model
RadixArkCommercialising SGLang. Compute & chips Berkeley, US ex-xAI, ex-UW 2025 · $400Mest. · Open model
QUTWOQuantum and AI tooling; sovereign European compute.site · in Compute & chips Helsinki, FI ex-AMD, ex-IQM 2025 · $380Mest. · Research only

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