Update: Market Chatter: AI Chip Startup DensityAI in Talks to Raise Hundreds of Millions of Dollars in Funding Round

MT newswire2026/09/28 09:17

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05:17 AM EDT, 09/28/2026 (MT Newswires) -- (Updates with Amazon's response in the last paragraph) DensityAI is in late-stage discussions to raise hundreds of millions of dollars in a funding round that would value the AI chip startup at roughly $10 billion, The Information reported late Thursday, citing two people familiar with the matter. Andreessen Horowitz has been in discussions to lead the round for DensityAI, which was founded by former leaders of Tesla's (TSLA) Dojo supercomputer program, one of the sources told the news outlet. The firm's leaders have told prospective investors they have struck a deal in which Amazon (AMZN) Web Services would acquire eventual chips from DensityAI, subject to certain performance requirements, according to the report. Amazon declined to comment, while DensityAI and Andreessen Horowitz did not respond when reached out to by MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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