Checking in five months later, the space continues to sizzle from a startup funding standpoint, even though public markets have pulled back from the space in recent days. So far in 2026, investors have poured around $10.7 billion into seed through pre-IPO rounds for companies in Crunchbase's semiconductor category. That puts funding on track to eclipse last year's levels. Beyond Cerebras Systems, which went public last month after securing a $1 billion February pre-IPO round, a number of semiconductor-focused startups are raising considerable investor capital this year. Using Crunchbase data, we put together a list of the 10 largest venture funding recipients. One of the three largest fundraisers after Cerebras is MatX, a developer of chips customized for the large model needs of AI labs. The Silicon Valley startup raised a $500 million Series B in February led by Jane Street and Situational Awareness. Another moving up the ranks is Ayar Labs, which also secured $500 million in a...
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