MatX builds custom semiconductor chips and hardware architectures that accelerate training and inference for large language models. The company designs application-specific accelerators and…
MatX builds custom semiconductor chips and hardware architectures that accelerate training and inference for large language models. The company designs application-specific accelerators and…
Company: MatX — builds high-throughput AI accelerator chips for training and inference of large language models
Founded: 2022
Founders: Reiner Pope (CEO), Mike Gunter (CTO)
Employees: 83
Notable funding: Series A (~$80M, Nov 2024); Series B ($500M, Feb 24 2026); total reported $625M
Company Overview
Problem Domain
Hardware acceleration for large language model training and inference
Founded
2022
Industry
Computer Hardware Manufacturing
Funding Track Record
Seed- 2024-03-26
Seed round recorded in March 2024 (details not specified in evidence)
Series A- 2024-11-22
80000000
Reported Series A of approximately $80M
Series B- 2026-02-24
500000000
Reported $500M Series B with participation from institutional and angel investors
Investor Signal
“Mix of institutional and prominent angel backers including Jane Street, Spark Capital, Situational Awareness, Marvell, Nat Friedman, Daniel Gross, Triatomic Capital, Patrick Collison, John Collison and others”
Founders
What we do
Join the Team
Corporate Controller
HybridMountain View, CA, US
Hybrid • Mountain View, CA, US
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MatX is on a mission to make the world’s best AI models run as efficiently as possible—accelerating global progress in AI quality and accessibility. We are building cutting-edge AI infrastructure at the intersection of hardware and software, and our team is growing quickly.
Your Place Here
MatX is seeking a dedicated and experienced
Corporate Controller
to lead our accounting function and ensure the integrity, accuracy, and scalability of our financial operations as we grow. This role will serve as the
guardian of financial data integrity
— going beyond compliance to drive transparency, support executive decision-making, and deliver high-quality insights to internal leadership, investors, and the Board of Directors.
As a key member of the Finance team, you will oversee outsourced accounting resources, establish scalable accounting infrastructure, strengthen governance, and ensure financial rigor across a fast-moving, engineering-heavy organization. This is a hands-on leadership role for an experienced accounting professional who thrives in early-stage environments.
If you are a builder, and enjoying partnering with teams to bring rigor and transparency to complex, hardware-driven economics - this is the role for you.
What You'll Do Here
Accounting, Close & Governance
Own and oversee all core accounting functions, including
Accounts Payable, Accounts Receivable, General Ledger, Treasury, Fixed Assets, and Project Accounting
.
Lead a timely and accurate
monthly, quarterly, and annual close
, ensuring GAAP-compliant financial statements.
Partner with Engineering and Operations to ensure accurate accounting for
R&D spend, wafer fabrication, tape-out costs, mask sets, non-recurring engineering costs, multi-project wafer runs, packaging, testing, and inventory
.
Track and account for
tape-out milestones
, including capitalization vs. expense treatment in accordance with GAAP.
Support
program-level cost tracking
across silicon development phases (pre-tape-out, tape-out, bring-up, production).
Ensure appropriate treatment of long-lead manufacturing commitments, prepaid expenses, accruals, and supplier deposits.
(Note: This role does not manage the engineering tape-out process, but ensures financial visibility, controls, and accurate accounting of it.)
Financial Reporting & Board Support
Respond to financial requests from investors, lenders, and strategic partners.
Partner with the Finance Lead to prepare
quarterly Board materials
, including financial statements, KPIs, and variance analysis.
Produce recurring reporting packages, dashboards, and metrics to support executive and Board decision-making.
Perform analytical work such as
ROI, NPV, breakeven analysis, and cost-to-scale assessments
to support strategic initiatives.
Operational Finance & Systems
Own day-to-day accounting operations in
ERP
, ensuring data integrity and proper controls.
Perform and review
bank reconciliations, cash management, and treasury activities
.
Partner cross-functionally and within Finance to ensure accurate tracking of
departmental spend, headcount, customer acquisition costs, R&D investments, and cost of goods manufactured
.
Lead accounting process improvements and system enhancements to support scale, including readiness for future ERP migration if needed.
Leadership & Collaboration
Act as a trusted finance partner to Finance, Operations, Engineering, and executive leadership.
Lead accounting system scalability and ERP readiness, including documenting requirements, improving data hygiene and controls in QuickBooks Online, leading on ERP selection, and supporting a future migration as the company outgrows QBO within the next 12 months.
Provide clear, timely, and thoughtful responses to leadership on accounting, financial, and operational questions.
Bring rigor, transparency, and sound judgment to financial decision-making in a dynamic startup environment.
What Success Looks Like
By month 12, a successful Controller will have:
A
predictable, on-time monthly close
with high confidence in numbers and minimal rework
Clean, GAAP-compliant financials that withstand
investor scrutiny and diligence
Who You Are
Active
CPA
and Bachelor’s degree in Accounting (or equivalent).
10+ years of progressive accounting experience, including hands-on close ownership.
Experience in ERP transition.
Experience accounting for
tangible, manufactured products
(hardware, semiconductor, or complex supply chains strongly preferred).
Bonus points if you have
Semiconductor, hardware, or deep-tech startup experience.
Expertise in
cost accounting, inventory accounting, or R&D capitalization
.
Prior experience supporting audits, investor diligence, or fundraising processes.
Experience scaling accounting operations from early-stage through growth.
Why this role is compelling
High ownership and visibility
Direct exposure to leadership, investors, and the Board
Opportunity to
build the accounting foundation
for a category-defining semiconductor company
Clear runway to grow with the business
What We Offer
Startup jobs. A lot of them.
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Manage and review work performed by
outsourced accounting providers
, ensuring quality, timeliness, and adherence to internal standards.
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accounting policies, procedures, and internal controls
appropriate for a scaling semiconductor startup.
Coordinate payroll processing in partnership with a third-party payroll provider, including review of payroll entries and reconciliations.
Serve as primary accounting owner for audits, reviews, and investor diligence requests.
Clear visibility into
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Improved cash controls, reconciliations, and forecasting inputs
A well-defined
ERP readiness plan
, including requirements, data hygiene, and implementation timing
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Solid understanding of payroll, treasury, bank reconciliations, and internal controls.
Strong organizational skills with high attention to detail and ability to manage multiple priorities.
Excellent written and verbal communication skills, including presenting financial information to executives and investors.
Comfortable operating in ambiguity and building structure in a startup environment.
Compensation
:
Director: $250-270K
A stake in our success.
A cash/equity mix that fits your needs.
Health & Wellness.
Company subsidized Health, Dental, and Vision insurance; Flexible Savings Accounts (FSA), and a Health Savings Account (HSA) with lump sum company contribution
Financial Wellbeing.
Choose from Guardian 401K and/or Roth IRA (or both) and receive a 5% company contribution, even if you don’t! Plus 100% paid Life and long-term disability insurances.
Time To Recharge.
4 weeks PTO (accrued), 12 holidays & 3 weeks remote/flexible work per year.
Mental Wellbeing:
100% paid mental health benefit via SpringHealth and Guardian EAP.
Professional Development.
$1,500 yearly towards conferences, courses, and other learning.
Team Connection
. Team lunches (on us), quarterly off-sites, and regular town halls.
Commute On Us
. We’ll pay for your commute (up to 1 hr) to get work done during your commute! (
This role is hybrid onsite Tues - Thurs at our Mountain View HQ)