Krux
March 25, 2026
Gimlet Labs Raises $80M Betting on Multi-Chip AI
Published: March 25, 2026 at 12:33 AM
Updated: March 25, 2026 at 12:33 AM
100-word summary
Gimlet Labs just closed an $80 million Series A led by Menlo Ventures to run AI models across different chip types simultaneously. The pitch: why lock yourself into Nvidia when you can mix silicon from AMD, Intel, Cerebras, and others based on what's cheapest and fastest for each task? The bet is paying off. Gimlet already hit eight-figure revenues while still in stealth and tripled its customer count, including frontier labs and a major hyperscaler. Investors are wagering that as AI costs balloon, companies will need software that treats hardware as interchangeable. Nvidia's moat looks different when someone else handles the switching.
What happened
Gimlet Labs just closed an $80 million Series A led by Menlo Ventures to run AI models across different chip types simultaneously. The pitch: why lock yourself into Nvidia when you can mix silicon from AMD, Intel, Cerebras, and others based on what's cheapest and fastest for each task?
Why it matters
The bet is paying off. Gimlet already hit eight-figure revenues while still in stealth and tripled its customer count, including frontier labs and a major hyperscaler. Investors are wagering that as AI costs balloon, companies will need software that treats hardware as interchangeable. Nvidia's moat looks different when someone else handles the switching.