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.

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 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,

Reno-based Positron AI, which is working on its second generation of AI chips, is banking on cost and efficiency to take market share from Nvidia.

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.