Inference provider Wafer raises $40m at $200m+ valuation, rejecting offers

steph_palazzolo · x · 2026-09-01

Wafer, a one-year-old AI inference provider, has raised $40 million in new funding at a valuation exceeding $200 million, turning down acquisition offers. The round was co-led by Marathon and Chemistry. Wafer differentiates itself by utilizing both Nvidia and non-Nvidia chips for inference services.

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