Wafer, a one-year-old startup specializing in AI inference, has secured a valuation exceeding $200 million following a new $40 million Series A funding round. The company, founded in May 2025, develops AI agents to optimize how AI models run on various chips, with a focus on hardware that is not produced by market-leader Nvidia.
This approach aims to make AI inference more efficient and accessible on a wider range of processors, positioning Wafer as a key player in the growing ecosystem of Nvidia alternatives. The company's recent funding and significant valuation have reportedly attracted multiple acquisition offers, highlighting the strategic importance of its technology in the competitive AI infrastructure landscape.