AI chip startup DensityAI has raised “hundreds of millions of dollars” in a funding round that has valued the company at $10 billion.

According to a report from The Information, Andreessen Horowitz has been in talks to lead the round, and the company claims to have already secured a purchase agreement – based on performance requirements – with AWS, the report added, citing two people with knowledge of the situation.

Spokespeople for Amazon and Andreessen Horowitz declined The Information’s request for comment, while DensityAI did not respond to the outlet’s request.

DensityAI was founded in 2025 by the former leaders of Tesla’s Dojo chip program, Ganesh Venkataramanan, Bill Chang, and Ben Floering. Tesla CEO Elon Musk dissolved the Dojo team in August 2025, with 20 employees leaving for DensityAI. In January 2026, Musk said Tesla had “some headroom” to resurrect its Dojo chip.

The startup plans to develop its own data center chips, which, according to the report, will have a ‘unique approach’ to memory arrangement – using 3D DRAM stacking to make the hardware faster and more energy efficient.

DensityAI has previously received investment from Dolby Family Ventures, South Park Commons, Firestreak Ventures, and others, The Information added, noting that the amount raised and the company’s previous valuation have not been disclosed.