ARENA Private Wealth, Jump Trading, and Unless led a $230m Series B round in Positron AI.

ARENA Private Wealth, a wealth management firm, Jump Trading, a proprietary trading firm, and Unless, an investment firm, led a $230m Series B round in Positron AI, an AI hardware startup focused on building computing systems specifically for generative AI inference, with participation from Qatar Investment Authority, Arm, Helena, Valor Equity Partners, Atreides Management, DFJ Growth, Resilience Reserve, Flume Ventures, and 1517. “We're grateful for this investor enthusiasm, which itself is a reflection of what the market is demanding. Energy availability has emerged as a key bottleneck for AI deployment. And our next-generation chip will deliver 5x more tokens per watt in our core workloads versus Nvidia’s upcoming Rubin GPU. Memory is the other giant bottleneck in inference, and our next generation Asimov custom silicon will ship with over 2304 GB of RAM per device next year, versus just 384 GB for Rubin. This will be a critical differentiator in workloads including video, trading, multi-trillion parameter models, and anything requiring an enormous context window. We also expect to beat Rubin in performance per dollar for specific memory-intensive workloads,” Mitesh Agrawal, Positron AI CEO.