We are pleased to introduce Positron to our investors. The company designs chips for inference—the processing of already trained AI models.
2 interesting facts before diving into the details
1️⃣ Positron's CEO is Mitesh Agrawal, co-founder of Lambda, one of our favorite projects, currently generating 25x revenue.
2️⃣ Six of the eight technical leaders came from Groq, which became AMCH's best case last year, bringing us and our investors 6x revenue through its M&A deal with NVIDIA.
The company was founded in 2023. In February 2026, the company closed its Series B for $230 million at a valuation of over $1 billion.
The product is already in production at a hyperscaler: Oracle Cloud Infrastructure hosts Positron Atlas servers in 43 racks, processing approximately 100 billion tokens per day. Oracle's CEO announced the company on its March investor call.
⚪️ Key Figures
• $5 billion post-money valuation (Series C-1, July 2026)
• $53.7 million in revenue with a gross margin of 69.7%
• Team of ~65 people, 80% engineers
• Investors: Arm, Qatar Investment Authority, Jump Trading
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