Artificial intelligence (AI), startups come and go — some never make it beyond a pitch deck. In contrast, others scale only to falter under the weight of colossal manufacturing and R&D costs. But once in a while,

Positron, a startup chip maker that aims to compete with Nvidia , said Tuesday it raised $23.5 million to scale production of its U.S.-made artificial intelligence chips.

The company intends to boost production of its energy-efficient AI chips to provide a cost-effective alternative to Nvidia's solutions.

Positron, a rising force in AI inference technology for artificial intelligence computing, has raised $23.5 million in funding from a group of investors, including Flume Ventures, Valor Equity Partners,

Positron, an AI chip startup that aims to go head-to-head with NVIDIA, has raised $23.5 million in funding from investors, including Flume Ventures, Valor Equity Partners, Atreides Management, and Resilience Reserve.

Positron, a startup chip maker, has successfully raised $23.5 million to scale production of its AI chips in the US.