Wafer Raises Series A After Turning Down Acquisitions
Wafer is an inference provider using Nvidia and non-Nvidia chips that declined buyout offers.
Wafer announced completion of a series A round co-led by Marathon and Chemistry. The company's founder posted that the team had targeted a smaller raise but secured a larger one instead, with additional backing from Wing VC, AMD Ventures, Outset Capital, and Fifty Years. Stephanie Palazzolo reported that the startup turned down acquisition offers before closing the round. Her newsletter covered the outcome and investor participation. The founder described the result as not matching the original plan yet exceeding expectations in scale.
Wafer, a year-old inference provider that uses Nvidia and non-Nvidia chips, turned down acquisition offers to raise $40m in new funding at a $200m+ valuation. Marathon and Chemistry co-led. For more, check out this morning's AI Agenda:
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steve@gpustevei'm sad to announce that our recent fundraising round did not go according to plan... we initially planned to raise $18m. we didn't end up getting that number. we ended up raising a $40m series a instead. co-led by @MarathonMP and @chemistry, with participation from…
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ST steve@gpustevei'm sad to announce that our recent fundraising round did not go according to plan... we initially planned to raise $18m. we didn't end up getting that number. we ended up raising a $40m series a instead. co-led by @MarathonMP and @chemistry, with participation from…
- likes: 939
- replies: 197
- bookmarks: 194
- reposts: 44